Bank Nifty Bounces 600 points Holding Time cycle Low

As Discussed in Last Analysis Now Bank Nifty needs to close above 24800 for a move back to 24912/25056/25200. Bearish below 24480 for a move towards 24336/24192/24048. Be cautious in last 1 hour of trading tomorrow. 14 Oct is very important Astrological date affect will be seen either tomorrow or Monday. How time cycle work as we have mentioned 09 Oct Analysis High and low will be very crucial Low made was 24464, Bank Nifty on 11 Oct made low of 24493 and we saw the big gap up yesterday, Time should always be given the first priority Bank Nifty opened with a huge gap and closed above 25366 suggesting we can continue upmove towards 25488/25632/25700. Bulls need a close above 25700 which is a major supply zone for up move to continue towards 25920/26064. Bank Nifty Bears will get active below 25341 for a downfall towards 25262/25182/25103.Important intraday time for reversal can be at 9:33/10:16/12:01. Understanding Stock Market Crash

Bank Nifty Oct Future Open Interest Volume is at 14.3 lakh with addition of 0.54 Lakh, with decrease in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @25319 closed above it.

25500 CE is having highest OI @5.3 Lakh resistance at 25500 followed 25700. 24000-27000 CE liquidated 1.22 Lakh in OI so bears covered in range 24500-25000 CE.

24500 PE is having highest OI @5.9 Lakh, strong support at 24800 followed by 24500.24000-26000 PE added 3.3 lakh OI so bulls making support at 25000-25100 range.

Bank Nifty Futures Trend Deciding level is 25374 For Intraday Traders). BNF Trend Changer Level (Positional Traders) 25011 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy above 25488 Tgt 25595,25700 and 25820 (Bank Nifty Spot Levels)