- As Discussed in Last Analysis Till we are holding 27000 next target should be 27570/27800. Bears will get active below 26900 for a move back to 26703/26621/26500. 27565 done now waiting for higher target of 27800/28100. Bears will get active below 27100 for a move back to 26900/26775/26500.
- Intraday time for reversal can be at 10:06/10:56/11:45/1:04/1:50/2:46How to Find and Trade Intraday Reversal Times
- Bank Nifty Sep Future Open Interest Volume is at 16.7 lakh with addition of 0.78 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @27807 closed below it.
- 28000 CE is having highest OI @4.4 Lakh resistance at 27500 followed 28000. 27000-30000 CE added 1.3 Lakh in OI so bears added position in the zone of 27300-27500.
- 26500 PE is having highest OI @3 Lakh, strong support at 26800 followed by 26500.26000-29000 PE added 1 Lakh OI so bulls making support in the range of 26800-27000.
- Bank Nifty Futures Trend Deciding level is 27425 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 27262 How to trade Nifty Futures and Bank Nifty Futures as per Trend Cha31388 nger Level .
Buy above 27600 Tgt 27700,27830 and 27950 (Bank Nifty Spot Levels)
Sell below 27250 Tgt 27100,26890 and 26721 (Bank Nifty Spot Levels)
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