- As discussed in Last Analysis Bulls need a close above 30420 for a move back to 30636/30800/31000. Bears need a close below 30200 for a move back to 30050/29900. 30607 done near our 1 target of 30636. Plan remains the same Bulls need a close above 30420 for a move back to 30636/30800/31000. Bears need a close below 30200 for a move back to 30050/29900.
- Intraday time for reversal can be at 9:46/10:58/12:22/1:56 How to Find and Trade Intraday Reversal Times
- Bank Nifty Nov Future Open Interest Volume is at 10.6 lakh with addition of 1.13 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @29919 closed above it.
- 30500 CE is having highest OI @2.67 Lakh resistance at 30500 followed 31000.28000-31000 CE added 0.24 Lakh in OI so bears added position in the zone of 30500-30800.
- 29500 PE is having highest OI @3.4 Lakh, strong support at 30000 followed by 29800.27000-30000 PE added 1 Lakh OI so bulls making support in the range of 29800-30000.
- Bank Nifty Futures Trend Deciding level is 30469 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 30354 How to trade Nifty Futures and Bank Nifty Futures as per Trend Cha31388 nger Level .
Buy above 30390 Tgt 30510,30620 and 30777 (Bank Nifty Spot Levels)
Sell below 30300 Tgt 30180,30010 and 29800 (Bank Nifty Spot Levels)
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