Bank Nifty Rallies on CHIRON Ingress

As discussed in Last Analysis We have very important Time cycle date tomorrow as CHIRON is going ingress happens 3 times in a year lead to good move in Index, Bank Nifty Bulls need close above 31711 for a move towards 31796/31970/32064. Bears will become active below 31525 for a move back to 31352/31200/31050. Low made was 31770 and bulls were able to do all target on upside so we saw effect of CHIRON Ingress. Now Bulls need a close above 32041 for a move towards 32217/32396/32487. Bears have there chance below 31950 for a move back to 31800/31710/31621/31532.

Intraday time for reversal can be at 9:20/10:26/1:13/2:24 How to Find and Trade Intraday Reversal Times

Bank Nifty Dec Future Open Interest Volume is at 12.9 lakh with liquidation of 1 Lakh, with increase in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @31829 closed above it.

32500 CE is having highest OI @4.1 Lakh resistance at 32300 followed 32500.30000-32000 CE added 5.9 Lakh in OI so bears added position in the zone of 32300-32500.

31500 PE is having highest OI @3.8 Lakh, strong support at 31500 followed by 31300.30000-32000 PE added 13 Lakh OI so bulls making support in the range of 31300-31500.

Bank Nifty Futures Trend Deciding level is 32041 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 31722 How to trade Nifty Futures and Bank Nifty Futures as per Trend Cha31388 nger Level .

Buy above 32041 Tgt 32150,32297 and 32490 (Bank Nifty Spot Levels)