- As Discussed in Last Analysis Bulls need to go above 29920 for rally to continue towards 30078/30150. Bears will get active below 29720 for a move back to 29650/28540. High made was 30057 so bulls missed target by 20 points but bears were rewarded handsomely as did both target on downside in matter of mins,very few traders would have capture such move. Bulls now will get active above 29711 for a move back to 29908/30057. Bears will get active below 29510 for a move towards 29363/29225. Build Good Trading Habits
- Intraday time for reversal can be at 10:31/12:20/2:29 How to Find and Trade Intraday Reversal Times
- Bank Nifty May Future Open Interest Volume is at 17.2 lakh with addition of 4 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @29964 and rollover %@73.4
- Bank Nifty Futures Trend Deciding level is 30017 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 30017 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 29600 Tgt 29683,29769 and 29855 (Bank Nifty Spot Levels)
Sell below 29500 Tgt 29410,29320 and 29200 (Bank Nifty Spot Levels)
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