Bank Nifty Nov Expiry Analysis

As Discussed in Last Analysis High made today was 26491 so we did another target of 26496 above 26100 now waiting for target of 26640/26784/26850.Bearish below 26250 for a move back to 26100/25920. High made today was 26584 and we continue to trade higher as tommrow is important time cycle date good move should be seen in Bank Nifty in next 2 days. Bullish till we are holding 26320 for the upmove to continue towards 26640/26784/26850.Bearish below 26300 for a move back to 26100/25920. Important intraday time for reversal can be at 1:27/2:40. Not able to pull the trigger in Trading

Bank Nifty Nov Future Open Interest Volume is at 11.8 lakh with liquidation of 1.2 Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @25131 rollover closed above it rallied 800 points .

26500 CE is having highest OI @9.5 Lakh resistance at 26500 followed 26800. 24000-27000 CE added 3.8 Lakh in OI so bears added in range 26500-26800 CE making strong resistance in this zone.

26000 PE is having highest OI @9.1 Lakh, strong support at 26000 followed by 25800.24000-26000 PE liquidated 0.95 Lakh OI so bulls will do expiry above 26300.

Bank Nifty Futures Trend Deciding level is 26472 For Intraday Traders). BNF Trend Changer Level (Positional Traders) 25745 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .