- As discussed in Last Analysis Bank Nifty bears were able to close below 30976 now waiting for downside target of 30816/30672/30528. Bulls will get active only above 31200 for a move back to 31350/31500/31650.High made was 31150 so bulls unable to break 31200 in gap up and once below 30976 did our 2 target of 30672. Now Bears need to break 30610 for down move to continue towards 30534/30447/30276. Bulls will get active above 30900 for a move back to 31029/31150. Tomorrow is important Astro Date
- Intraday time for reversal can be at 9:18/11:28/12:13/1:26/2:48 How to Find and Trade Intraday Reversal Times
- Bank Nifty Jan Future Open Interest Volume is at 15.7 lakh with addition of 1.2 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @32425 closed below it.
- 31000 CE is having highest OI @6.9 Lakh resistance at 31000 followed 31200.31000-33000 CE added 19 Lakh in OI so bears added position in the zone of 30800-31000.
- 30500 PE is having highest OI @5 Lakh, strong support at 30500 followed by 30300.30000-32000 PE liquidated 3 Lakh OI so bulls making support in the range of 30300-30500.
- Bank Nifty Futures Trend Deciding level is 30906 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 31931 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 30770 Tgt 30881,30965 and 31150 (Bank Nifty Spot Levels)
Sell below 30610 Tgt 30500,30350 and 30225 (Bank Nifty Spot Levels)
Upper End of Expiry : 30965
Lower End of Expiry : 30437
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