- As Discussed in Last Analysis Now waiting for higher target of 27360/27496. Bears have chance below 26990 for a move back to 26920/26810. Bank Nifty opened with gap down failed to do higher targets and also closed below 27000. Bears will become active below 26920 for a move back to 26800/26735/26610. Bulls will rally above 27020 for a move towards 27120/27225/27360.
- Intraday time for reversal can be at 10:29/1:36 When You fail as a trader
- Bank Nifty March Future Open Interest Volume is at 4.4 lakh with addition of 0.97 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @26934 closed above it.
- 27500 CE is having highest OI @7.5 Lakh resistance at 27300 followed 27500. 26000-28000 CE added 3.2 Lakh in OI so bears added position in the zone of 27200-27300.
- 26500 PE is having highest OI @6.7 Lakh, strong support at 26800 followed by 26600.26000-28000 PE liquidated 7.2 Lakh OI so bulls making strong support in the range of 26600-26800.
- Bank Nifty Futures Trend Deciding level is 26933 For Intraday Traders). BNF Trend Changer Level (Positional Traders) 27130 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 27000 Tgt 27070 ,27150 and 27225 (Bank Nifty Spot Levels)
Sell below 26920 Tgt 26820,26750 and 26666 (Bank Nifty Spot Levels)
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