- As discussed in Last Analysis Bank Nifty broke the low of 31666 and did 31550 now waiting for 31400/31275/31100. Bulls will get active above 31800 for a move back to 31979/32158. Bank Nifty Opened with gap up and once below 31666 Mercury Ingress low did all our target on downside.Astro Helps in giving the direction and combined with price give a lethal combo for trading. Now Bears need to break 31000-30976 range for further downside towards 30816/30672/30528. Bulls will get active only above 31350 for a move back to 31500/31650.
- Intraday time for reversal can be at 9:39/10:12/11:27/12:24/1:20/2:51 How to Find and Trade Intraday Reversal Times
- Bank Nifty Jan Future Open Interest Volume is at 14.1 lakh with addition of 2 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @32425 closed below it.
- 31500 CE is having highest OI @7.4 Lakh resistance at 31500 followed 31800.31000-33000 CE added 27 Lakh in OI so bears added position in the zone of 31500-31800.
- 31000 PE is having highest OI @5.3 Lakh, strong support at 31000 followed by 30700.30000-32000 PE added 5 Lakh OI so bulls making support in the range of 30800-31000.
- Bank Nifty Futures Trend Deciding level is 31403 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 32037 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 31220 Tgt 31351,31487 and 31610 (Bank Nifty Spot Levels)
Sell below 30976 Tgt 30888,30779 and 30666 (Bank Nifty Spot Levels)
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