Bank Nifty forms Inside Bar

- As Discussed in Last Analysis 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. High made was 28066 so bulls unable to break 28100 and bears got whipsawed below 27889. Bank Nifty has formed an Inside day candel , Bank Nifty Bull need to move above 27940 for a move back to 28100/28189/28273. Bears will get active below 27790 for a move back to 27630/27465.

Intraday time for reversal can be at 9:46/10:24/11:24/12:24/1:13/2:28 How to Find and Trade Intraday Reversal Times

Bank Nifty Sep Future Open Interest Volume is at 15.1 lakh with liquidation of 0.78 Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @27807 closed above it.

29000 CE is having highest OI @3.7 Lakh resistance at 28500 followed 29000. 27000-30000 CE added 2.52 Lakh in OI so bears added position in the zone of 28000-28300.

28000 PE is having highest OI @3.2 Lakh, strong support at 27800 followed by 27500.27000-30000 PE added 0.96 Lakh OI so bulls making support in the range of 27500-27800.