Bank Nifty Bulls hold gann angle after 1000 point correction

• As Discussed in Last Analysis  Now Bulls need a close above 26784 for a move back to 26920/27074. Bearish below 26640 for a move back to 26500/26352. As soon as 26640 broken bank bears were on front foot and did our target of 26352. 06 June is an important astrological date around which bank nifty has formed a bottom in past and also we are near gann angle support as shown in below chart, so till we are holding 26200 bulls can see a bounce back towards 26500/26640/26920.Bearish below 26200 for a move towards 26064/25920. Bank Important intraday time for reversal can be at 11:38/2:29. How to convert a small trading account to Big one

• Bank Nifty June Future Open Interest Volume is at 26 lakh with liquidation of 1 Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @26408 closed below it
  

• 27000 CE is having highest OI @7.6 Lakh resistance at 27000 followed 27500.26000-28000 CE added 5.3 lakh in OI so bears added  position at higher level making resistance in range of 27000-27300.

 

• 25500 PE is having highest OI @7.3 Lakh, strong support at 26200  followed by 26000.26000-28000 PE  added 0.90 lakh in OI so bulls having strong support in range of 26100-26200.
  

 

• Bank Nifty Futures Trend Deciding level is 26407 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 26570.  How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . 

Buy above 26300 Tgt 26352,26497 and 26640 (Bank Nifty Spot Levels)

Sell below 26200 Tgt 26070,26000 and 25920 (Bank Nifty Spot Levels)