Bank Nifty Rallies 12% on Astro Date

•  As discussed in last analysis   Bears will get active below 17100  bears can see fall towards 16900/16641/16384. Bulls need to move above 17576 for a move back to 17956/18225/18500. Bank Nifty opened with gap up and rallied almost 12% on important time cycle date . Bulls now need to move above 19200 for a move back to 19650/20250. Bears will get active below 18750 for a move back to 18496/18225/17956.
  

• Intraday time for reversal can be at 10:19/11/12:12/1:04/2:30 How to Find and Trade Intraday Reversal Times

• Bank Nifty April Future Open Interest Volume is at 1 lakh with addition of 0.02 Lakh, with increase in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @17939 closed above it

• 20000 CE is having highest OI @15  Lakh resistance at 20000 followed 20500.19000-21000 CE added 11 Lakh in OI so bears added position in the zone of 20000-21000.

• 19000 PE is having highest OI @11 Lakh, strong support at 18000 followed by 18500.17000-19000 PE added 13 Lakh OI so bulls making support in the range of 17000-18000.

• Bank Nifty Futures Trend Deciding level is 18500 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 18908 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . 

Buy above 19190 Tgt 19321,19600 and  19881 (Bank Nifty Spot Levels)

Sell below 18888 Tgt 18735,18580 and 18300  (Bank Nifty Spot Levels)

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