- As Discussed in Last Analysis Break of 30232 can see move towards 30322/30409/30583. Break of Low 30040 can see move towards 29962/29875/29789. Another Big move can be seen in next 2 days. Intraday level worked perfectly as we did almost all 3 target on downside,Now Bulls need to move above 29909 for a move back to 30000/30089/30165. Bears will get active below 29700 for a move towards 29532/29447.
- Intraday time for reversal can be at 10:23/11:44/1:18 How to Find and Trade Intraday Reversal Times
- Bank Nifty April Future Open Interest Volume is at 19.4 lakh with liquidation of 0.23 Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @29967.
- 30500 CE is having highest OI @4.6 Lakh resistance at 30200 followed 30500. 29000-31000 CE added 2 Lakh in OI so bears added in the zone of 30000-30300
- 29500 PE is having highest OI @3 Lakh, strong support at 29700 followed by 29500.29000-31000 PE liquidated 0.28 Lakh OI so bulls making strong support in the range of 29600-29800.
- Bank Nifty Futures Trend Deciding level is 30135 For Intraday Traders). BNF Trend Changer Level (Positional Traders) 30341 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 29909 Tgt 29989,30088 and 30165 (Bank Nifty Spot Levels)
Sell below 29750 Tgt 29662,29521 and 29444 (Bank Nifty Spot Levels)
Upper End of Expiry : 30133
Lower End of Expiry : 29473
Follow on Twitter:https://twitter.com/brahmesh
Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586
Youtube Channel: https://www.youtube.com/channel/UCxTIpotKybyOQIDsS3eEqhQ