Nifty Bank Weekly Expiry Analysis

• As discussed in last analysis Now Bulls need to move above 20736 for a move back to 21025/21300. Bears will get active below 20230 for a move back to 20000/19881/19630. All Bullish target done,and we saw the fall in last 30 mins. As per below video today High and Low will be very important for next 1000-2000 points move in bank nifty.Bank Nifty bulls need to move above 21025 for a move back to 21316/21609. Bears will get active below 20800 for a move back to 20666/20400/20100.
  

• Intraday time for reversal can be at 10:06/11:21/12:15/1:27/2:28 How to Find and Trade Intraday Reversal Times

• Bank Nifty May Future Open Interest Volume is at 14.6  lakh with liquidation of 1.1 Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @18001 closed above it

• 21500 CE is having highest OI @10 Lakh resistance at 21500 followed 22000.19000-22000 CE added 12.9 Lakh in OI so bears added position in the zone of 21000-21500.

• 19500 PE is having highest OI @10 Lakh, strong support at 19500 followed by 20000.19000-21000 PE added 11 Lakh OI so bulls making support in the range of 20300-20500.

• Bank Nifty Futures Trend Deciding level is 21101 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 19843 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . ;

Buy Above 21034 Tgt 21200,21410 and 21610 (Bank Nifty Spot Levels)

Sell Below 20820 Tgt 20650,20400 nd  20200 (Bank Nifty Spot Levels)

Upper End of Expiry: 21269

Lower End of Expiry: 20611

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