- As discussed in Last Analysis Now Bull need to move above 31225 to be back in game for a move back to 31400/31551/31800. Bears will get active below 31000 for a move back to 30848/30640. Bulls were able to do 2 target on upside till 30551 and now waiting for a 31750/31940 till we are holding 31300. Bears will get active below 31200 for a move back to 31000/30850.Tomorrow is important Astro Date
- Intraday time for reversal can be at 10:29/11:08/12:09/2:20 How to Find and Trade Intraday Reversal Times
- Bank Nifty Dec Future Open Interest Volume is at 5.6 lakh with addition of 2.3 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @29919 closed above it.
- 32000 CE is having highest OI @4.8 Lakh resistance at 31800 followed 32000.30000-32000 CE liquidated 8.7 Lakh in OI so bears covered position in the zone of 31800-32000.
- 31000 PE is having highest OI @7.8 Lakh, strong support at 31200 followed by 31000.30000-32000 PE added 16 Lakh OI so bulls making support in the range of 31200-31400.
- Bank Nifty Futures Trend Deciding level is 31384 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 30831 How to trade Nifty Futures and Bank Nifty Futures as per Trend Cha31388 nger Level .
Buy above 31600 Tgt 31721,31900 and 32000 (Bank Nifty Spot Levels)
Sell below 31390 Tgt 31200,31070 and 29920 (Bank Nifty Spot Levels)
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