Bank Nifty rallies on Astro Date

• As Discussed in Last Analysis  We have important astro time cycle date on 14 so we should see the effect of tomorrow or on Monday. Bank Nifty Bulls need to move above 27930 for a move back to 28100/28277/28500. Bears will get active below 27640 for a move back to 27500/27360. Bears got whipsawed below 27640,Bulls were able to do 1 target of 28100, We saw the effect of astro date and now we need to move above 28100 for a move back to 28225/28561/28900. Bears have the chance only below 27889 for a move back to 27556/26225.

• Intraday time for reversal can be at 9:28/10:3711:27/12:17/1:46/2:26 How to Find and Trade Intraday Reversal Times

• Bank Nifty Sep Future Open Interest Volume is at 15.9 lakh with addition of 0.40 Lakh, with increase in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @27807 closed above it.

• 29000 CE is having highest OI @3.3 Lakh resistance at 28500  followed 29000. 27000-30000 CE liquidated 0.30 Lakh in OI so bears covered position in the zone of 28000-28300.

• 28000 PE is having highest OI @3.3 Lakh, strong support at 27800 followed by 27500.27000-30000 PE added 1 Lakh OI so bulls making support in the range of 27500-27800.

• Bank Nifty Futures Trend Deciding level is 27869 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 27444 How to trade Nifty Futures and Bank Nifty Futures as per Trend Cha31388 nger Level . 

Buy above 28130  Tgt 28225,28350 and  28500 (Bank Nifty Spot Levels)

Sell below 27900 Tgt 27750,26590 and 26460 (Bank Nifty Spot Levels)

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