Bank Nifty breaks out of gann angle,EOD Analysis

As Discussed in Last Analysis Bulls were finally able to close above 27000 and now waiting for target of 27130/27225/27316, Bank Nifty look for a big move in next 2 days based on time analysis. Bearish below 26900 for a move back to 26784/26640/26496. Bank Nifty gave us the big move as per our expectation and did all our target on expiry day,Now Bulls need to close above 27504 for a move towards 27648/27720/27900/28080 in August Series. Bearish below 27000 for a move back to 26930/27784/26640/26496. Important intraday time for reversal can be at 10:34/1:02. NSE Extended Trading Hours Pros and Cons

Bank Nifty Aug Future Open Interest Volume is at 22.9 lakh with addition of 11.4 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @27128 closed above it and Rollover 76.5 %.

27500 CE is having highest OI @7.6 Lakh resistance at 27500 followed 28000.26500-28500 CE added 2.8 Lakh in OI so bears added position at higher level making resistance in range of 27500-27800

26000 PE is having highest OI @5.7 Lakh, strong support at 26500 followed by 26000.26000-28000 PE added 2.2 lakh OI so bulls having strong support in range of 26700-26800.

Bank Nifty Futures Trend Deciding level is 27339 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 27339. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy above 27437 Tgt 27519,27602 and 27686 (Bank Nifty Spot Levels)