Bank Nifty continue to fall below 27300

As Discussed in Last Analysis Till we are below 27300 bears have upperhand and can go towards 27150/27072/26920. We have time cycle confluence on 12-13 Feb so expect good move in Bank Nifty in coming 2 days. High made today was 27285 so bears defended 27300 and were rewarded with 2 target on downside,We are back to 27000 our vedic number which mostly give 300-500 points move. Bulls will get active above 27100 for a move back to 27225/27360. Bears will get active below 26970 for a move towards 26900/26784/26666.

Intraday time for reversal can be at 12:10/2:12. Learn How to Pull the Trigger on a Trade

Bank Nifty Feb Future Open Interest Volume is at 16.4 lakh with liquidation of 0.17 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @26934 closed above it.

27500 CE is having highest OI @5.3 Lakh resistance at 27300 followed 27500. 26000-28000 CE added 0.74 Lakh in OI so bears added position in the zone of 27300-27600.

27000 PE is having highest OI @6.3 Lakh, strong support at 27000 followed by 26900.26000-28000 PE added 1.6 Lakh OI so bulls making strong support in the range of 26900-27000.

Bank Nifty Futures Trend Deciding level is 27249 For Intraday Traders). BNF Trend Changer Level (Positional Traders) 27305 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy above 27050 Tgt 27150,27225 and 27333 (Bank Nifty Spot Levels)