Bank Nifty does freak low of 24466,EOD Analysis

As Discussed in Last Analysis High made today was 25126 so 25200 was not broken and once 25050 was broken bears did the 200 pointer trade as per time analysis as we discussed. Now Bulls need close above 25000 for a move back towards 25120/25200/25560. Bearish below 24840 for 24768/24624/24500. Bank Nifty opened with gap up and immediately got sold off and once below 24840 did 24784 near our target with 24786, Also made the freak low of 24466. Now Bulls need close above 25000 for a move back towards 25120/25200/25560. Bearish below 24840 for 24768/24624/24500.Bank Important intraday time for reversal can be at 12:39/ 2:22 . Trading Resolution for Financial Year 2018-19

Bank Nifty April Future Open Interest Volume is at 18.3 lakh with addition of 0.02 Lakh, with decrease in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @24358 closed above it and rallied 1000 points.

25500 CE is having highest OI @9.3 Lakh resistance at 25500 followed 25700.24000-26000 CE added 5.4 lakh in OI so bears added position at higher level.

24500 PE is having highest OI @10.3 Lakh, strong support at 24600 followed by 24500.24000-26000 PE added 5.1 lakh in OI so bulls made strong support in range of 24800-24600.

Bank Nifty Futures Trend Deciding level is 24941 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 24911. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy above 24970 Tgt 25050,25130 and 25250 (Bank Nifty Spot Levels)