- As discussed in last analysis We are near an important gann angle resistance as shown in below chart, Bulls need a close above 21970 for a move back to 22201/22500. Bears will get active below 21600 for a move back to 21320/21025. Low made was 21647 so bears unable to break 21600 and once above 21970 did 22201. Now Bulls need to close above 22330 for a move back to 22640/22870/23110. Bears will get active below 21940 for a move back to 21720/21490.We are near Important gann angle resistance as shown in below chart.
- Intraday time for reversal can be at 10:01/10:43/12:20/1:23/2:15 How to Find and Trade Intraday Reversal Times
- Bank Nifty July Future Open Interest Volume is at 5.3 lakh with addition of 2.6 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @18001 closed above it
- 23000 CE is having highest OI @14 Lakh resistance at 23000 followed 23300.20000-23000 CE added 8.4 Lakh in OI so bears added position in the zone of 22500-23000.
- 21500 PE is having highest OI @12 Lakh, strong support at 21500 followed by 21000.20000-23000 PE added 14 Lakh OI so bulls making support in the range of 21000-21500.
- Bank Nifty Futures Trend Deciding level is 21952 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 20555 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . ;
Buy Above 22325 Tgt 22500,22750 and 23000 (Bank Nifty Spot Levels)
Sell Below 22170 Tgt 22078,21920 and 21721 (Bank Nifty Spot Levels)
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