- As Discussed in Last Analysis Once Bank Nifty closed above the gann angle has been rallying on continues basis,Now Bulls need to protect 26100 for the rally to continue till 26352/26496/26640. Bearish below 26050 for a move back to 25920/25784. Bank Nifty bulls were able to protect 26100 and also closed near gann angle support. Now Bulls need to protect 26100 for the rally to continue till 26352/26496/26640. Bearish below 26020 for a move back to 25920/25784.Important intraday time for reversal can be at 11:39/2:19. How Emotions Hijack trading
- Bank Nifty Nov Future Open Interest Volume is at 15.4 lakh with LIQUIDATION of 0.09 Lakh, with decrease in Cost of Carry suggesting long positions were closed As today. Bank nifty Rollover cost @25131 rollover closed above it rallied 800 points .
- 26500 CE is having highest OI @4.9 Lakh resistance at 26300 followed 26500. 24000-27000 CE added 2.57 Lakh in OI so bears added in range 26000-26500 CE.
- 25500 PE is having highest OI @5.9 Lakh, strong support at 25800 followed by 25500.24000-26000 PE liquidated 1.43 lakh OI so bulls will try to protect 25800-25600 range.
- Bank Nifty Futures Trend Deciding level is 26180 For Intraday Traders). BNF Trend Changer Level (Positional Traders) 25581 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 26150 Tgt 26230,26350 and 26455 (Bank Nifty Spot Levels)
Sell below 26000 Tgt 25920,25800 and 25700 (Bank Nifty Spot Levels)
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