Bank Nifty EOD Analysis for 29 Nov

• As discussed in Last Analysis  Bank Nifty continue with its rally and closed above 31800 suggesting move to continue towards 32041/32250/32400. Bears will get active below 31660 for a move back to 31500/31300. 32041 done now bank nifty bulls need to hold 31900 for the upmove to continue towards 32250/32400. Bears have there chance below 31900 for a move back to 31721/31500.
  

• Intraday time for reversal can be at 9:27/10:25/11:07/2:56 How to Find and Trade Intraday Reversal Times

• Bank Nifty Dec Future Open Interest Volume is at 18.6 lakh with addition of 7.6Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @31829 closed above it.

• 32500 CE is having highest OI @2.4 Lakh resistance at 32300  followed 32500.30000-32000 CE added 7.4 Lakh in OI so bears added position in the zone of 32300-32500.

• 31500 PE is having highest OI @2.9 Lakh, strong support at 31800 followed by 31600.30000-32000 PE added 12 Lakh OI so bulls making support in the range of 31200-31400.

• Bank Nifty Futures Trend Deciding level is 32116 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 32116How to trade Nifty Futures and Bank Nifty Futures as per Trend Cha31388 nger Level . 

Buy above 32150  Tgt 32222,32310 and  32420 (Bank Nifty Spot Levels)

Sell below 32000 Tgt 31910,31810 and 31715  (Bank Nifty Spot Levels)