- As discussed in Last Analysis As on 10 Jan we have Sun Conjunct Mercury so break of 32347 will see move on upside towards 32500/32666/32768. Bears will get active below 31950 for a move back to 31650/31525. Bank Nifty has formed an Inside bar candle also as per time analysis big move round the corner. Bulls need to break of 32347 will see move on upside towards 32500/32666/32768. Bears will get active below 32040 for a move back to 31821/31650/31525.
- Intraday time for reversal can be at 9:28/10:18/11:47/12:58/2:40 How to Find and Trade Intraday Reversal Times
- Bank Nifty Jan Future Open Interest Volume is at 13.1 lakh with liquidation of 0.83 Lakh, with increase in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @32425 closed below it.
- 32500 CE is having highest OI @5Lakh resistance at 32300 followed 32500.31000-33000 CE added 10.7 Lakh in OI so bears added position in the zone of 32300-32500.
- 31500 PE is having highest OI @6 Lakh, strong support at 31500 followed by 31300.30000-32000 PE added 12 Lakh OI so bulls making support in the range of 31300-31500.
- Bank Nifty Futures Trend Deciding level is 32255 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 32122 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 32200 Tgt 32310,32440 and 32555 (Bank Nifty Spot Levels)
Sell below 32150 Tgt 32060,31956 and 31821 (Bank Nifty Spot Levels)
- Follow on Twitter:https://twitter.com/brahmesh
- Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586
- Youtube Channel: https://www.youtube.com/channel/UCxTIpotKybyOQIDsS3eEqhQ
- Trading Course Details: http://www.brameshtechanalysis.com/online-technical-analysis-course/