Bank Nifty fall 500 points after VENUS Aphelion

• As discussed in Last Analysis   Now Bears need to break 31770 for the down move to continue till 31500/31300. Bulls have there chance only above 32000 for a move back to 32250/32500.We have VENUS Aphelion Happening today suggesting trend change in market can be seen below 31770. We saw the effect of VENUS Aphelion as High made was 32024 on Monday and today we did 31500 and close below 31770. Now Bulls need to move above 31770 for a move back to 31947/32036/32216. Bears will get active below 31500 for a move back to 31324/31148.  I was not well so Site was not updated yesterday, Thanks for wishes and Concern.
  

• Intraday time for reversal can be at 9:39/10:19/11:57/12:33/1:51 How to Find and Trade Intraday Reversal Times

• Bank Nifty Dec Future Open Interest Volume is at 16.1 lakh with liquidation of 4.5 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @31829 closed below it.

• 32000 CE is having highest OI @8.8 Lakh resistance at 32000  followed 32300.30000-32000 CE added 11 Lakh in OI so bears added position in the zone of 32000-32300.

• 31500 PE is having highest OI @5.5 Lakh, strong support at 31500 followed by 31300.30000-32000 PE liquidated 5.5 Lakh OI so bulls making support in the range of 31200-31400.

• Bank Nifty Futures Trend Deciding level is 31722 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 31925 How to trade Nifty Futures and Bank Nifty Futures as per Trend Cha31388 nger Level . 

Buy above 31700  Tgt 31850,31936 and  32100 (Bank Nifty Spot Levels)

Sell below 31550 Tgt 31444,31300 and 31100  (Bank Nifty Spot Levels)