Bank Nifty reacts from gann angle of resistance,EOD Analysis

As Discussed in Last Analysis Low made was 26338 so bulls protected 26350 till we are holding 26350 bulls can continue towards 26784/26928.Range of 26896-26920 is again an important supply zone. Bearish below 26350 for a move back 26200/26064. High made today was 26972 so bears reacted from supply zone of 26920 and also reacted from gann angle as shown in below chart, Now bulls need a close above 26500 for a move back towards 26640/26784/26920. Bearish below 26352 for a move back towards 26200/26064. Bank Important intraday time for reversal can be at 1:37. Trading Is Harder Than You Think: Complexity Of Trading

Bank Nifty May Future Open Interest Volume is at 32.7 lakh with addition of 0.76 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @24969 closed above it and rallied 1000 points.

26500 CE is having highest OI @11.7 Lakh resistance at 26500 followed 26800.25000-27000 CE liquidated 0.49 lakh in OI so bears covered position at higher level making resistance in range of 26500-26700.

25000 PE is having highest OI @9.8 Lakh, strong support at 26200 followed by 25800.25000-27000 PE added 0.34 lakh in OI so bulls having strong support in range of 26000-26200.

Bank Nifty Futures Trend Deciding level is 26450(For Intraday Traders). BNF Trend Changer Level (Positional Traders) 25795. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy above 26500 Tgt 26620,26730 and 26830 (Bank Nifty Spot Levels)