Bank Nifty Rallies 750 points on Astro Date,EOD Analysis

As discussed in last analysis As we are having a confluence of Astro dates suggesting big move will be seen in Bank Nifty in coming 2 days, Bulls need to move above 20260 for a mvoe back to 20490/20720/20940. Bears will get active below 20000 for a move back to 19800/19580/19360.Bank Nifty Bears were unable to push below 20000 as low made was 20030 and once above 20260 did all 3 target on upside,We saw the effect of Astro date.Now Bull need to move above 21030 for a move back to 21170/21400/21640. Bears will get active below 20720 for a move back to 20480/20260/20050.

Intraday time for reversal can be at 9:22/10:57/12:36/1:49/2:37 How to Find and Trade Intraday Reversal Times

Bank Nifty May Future Open Interest Volume is at 17.7 lakh with addition of 1.37 Lakh, with decrease in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @18001 closed above it

21500 CE is having highest OI @4 Lakh resistance at 21500 followed 22000.19000-22000 CE added 8.4 Lakh in OI so bears added position in the zone of 21000-21500.

20500 PE is having highest OI @2 Lakh, strong support at 20500 followed by 20300.19000-22000 PE added 4 Lakh OI so bulls making support in the range of 20000-20500.

Bank Nifty Futures Trend Deciding level is 20445 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 20350 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . ;

Buy Above 21030 Tgt 21170,21316 and 21500 (Bank Nifty Spot Levels)