Bank Nifty EOD Analysis for 24 Jan

• As discussed in Last Analysis   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. Low made was 30621 near gann angle as shown in below chart so bears unable to break 30600 and bulls once above 30900 did 31029 on upside. Now Tomorrow being Weekly closing Bears will like to close below 30900. Now Bears need to break 30900 for down move to continue towards 30750/30500. Bulls will get active above 31150 for a move back to 31300/31470.
  

• Intraday time for reversal can be at 9:33/11:18/12:21/1:29/2:47 How to Find and Trade Intraday Reversal Times

• Bank Nifty Jan Future Open Interest Volume is at 13.6 lakh with liquidation of 2.6 Lakh, with increase in Cost of Carry suggesting short positions were closed 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 30970 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 31886 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . 

Buy above 31041 Tgt 31150,31260 and  31350 (Bank Nifty Spot Levels)

Sell below 30950 Tgt 30850,30730 and 30610 (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/