Bank Nifty gives a perfect Gann Angle trade,EOD Analysis

As Discussed in Last Analysis Bears break 27739 and did almost 3 target as low made was 27385, So we were able to capture the whole move from 28151 towards 27360. Bears need to break 27360 for a move towards gann support zone range of 27225-27250 below that 27040. Bullish only above 27570 for a move towards 27840/27920/28068. Bank Nifty bears did the perfect move from 1 gann angle to another and also saved the support of 27225 suggesting we might have made a short term bottom and can see a relief rally towards 27500/27656/27784/27920. Bearish below 27200 for a move back to 27040/26928 . Important intraday time for reversal can be at 10:32/1:44. Honored to be part Online Trading Summit

Bank Nifty Sep Future Open Interest Volume is at 16 lakh with liquidation of 1.2 Lakh, with decrease in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @28307 closed below it and corrected 1000 points.

28500 CE is having highest OI @4.4 Lakh resistance at 27800 followed 28000. 27000-29000 CE added 0.47 Lakh in OI so bears continue to add at 27700-28000 CE.

27000 PE is having highest OI @8.9 Lakh, strong support at 27000 followed by 27200.27000-29000 PE added 0.89 lakh OI so bulls having strong support in range of 27100-27300.

Bank Nifty Futures Trend Deciding level is 27470For Intraday Traders). BNF Trend Changer Level (Positional Traders) 27948 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy above 27400 Tgt 27500,27656 and 27741 (Bank Nifty Spot Levels)