- As discussed in Last Analysis We are seeing Mercury Speed Change on 26 So we can see good move on Monday also we are near gann angle resistance as seen in below chart. Bears below 31120 can see fall back to 30955/30666. Bulls above 31320 can rally back to 31500/31680. We saw the good move as per Mercury Speed change below 31120 and we did 1 target of 30955 now bears need to break 30800 for the downmove to continue towards 30666/30540/30300. Bulls have change above 31000 for a move back to 31140/31300.
- Intraday time for reversal can be at 9:41/11:06/12/1:41/2:42 How to Find and Trade Intraday Reversal Times
- Bank Nifty Jan Future Open Interest Volume is at 13.2 lakh with addition of 0.22 Lakh, with decrease in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @32425 closed below it.
- 31000 CE is having highest OI @7.4 Lakh resistance at 31000 followed 31300.31000-33000 CE added 18.1 Lakh in OI so bears added position in the zone of 31000-31300.
- 30800 PE is having highest OI @7 Lakh, strong support at 30800 followed by 31000.30500-32000 PE liquidated 6.6 Lakh OI so bulls making support in the range of 30500-30650.
- Bank Nifty Futures Trend Deciding level is 31032 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 31820 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 30900 Tgt 31010,31105 and 31225 (Bank Nifty Spot Levels)
Sell below 30800 Tgt 30690,30555 and 30250 (Bank Nifty Spot Levels)
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