Bank Nifty forms Outside Bar at Gann Angle Resistance

As discussed in last analysis Now as we have Mercury Ingress today and also near gann angle resistance which generally lead to big move in Index so we should see big move in Next 2 days. bulls need to move above 19600 for a move back to 19887/20100/20324/20555. Bears will get active below 19250 for a move towards 19000/18650. Bank Nifty open with gap up so bulls did not got chance but bears were able to capture 1 target on downside below 19250. We have weekly expiry tommrow Bulls need to move above 19200 for a move 19480/19683/19900. Bears will get active below 18913 for a move back to 18776/18500/18225.

Intraday time for reversal can be at 10:19/11:16/12:47/1:40/2:19 How to Find and Trade Intraday Reversal Times

Bank Nifty April Future Open Interest Volume is at 12.5 lakh with addition of 1.7 Lakh, with decrease in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @17939 closed above it

20000 CE is having highest OI @4.4 Lakh resistance at 20000 followed 20300.19000-20000 CE added 19 Lakh in OI so bears added position in the zone of 19500-20000.

18000 PE is having highest OI @3.3 Lakh, strong support at 18500 followd by 18000.17000-19000 PE added 3 Lakh OI so bulls making support in the range of 18000-18500.

Bank Nifty Futures Trend Deciding level is 19580 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 19107 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . ;

Buy above 19200 Tgt 19340,19480 and 19683 (Bank Nifty Spot Levels)