Bank Nifty Weekly Expiry Analysis

• As discussed in last analysis As discussed in below video Bears will active below 21200 for a move towards 21000/20732. Bulls will get active above 21500 for a move back to 21650/21840/22000.Low made was 21281 so bears unable to break 21200 and once above 21500 Bulls did all 3 target on upside. Astro Date showed perfect effect. Now Bulls need to close above 22265 for a move back to 22555/22760/23000. Bears will get active below 21773 for a move back to 21500/21225/21000.
  

• Intraday time for reversal can be at 10:06/11:52/12:16/1:23/2:38 How to Find and Trade Intraday Reversal Times

• Bank Nifty July Future Open Interest Volume is at 13.5  lakh with addition of 1 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @21720 closed below it.

• 23000 CE is having highest OI @10.3 Lakh resistance at 22500 followed 23000.20000-23000 CE added 2.4 Lakh in OI so bears added position in the zone of 21500-22000.

• 21500 PE is having highest OI @5 Lakh, strong support at 21500 followed by 21000.20000-23000 PE added 12.2 Lakh OI so bulls making support in the range of 22000-22500.

• Bank Nifty Futures Trend Deciding level is 21646 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 21350 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . ;

Buy Above 22266 Tgt 22500,22700 and 22850 (Bank Nifty Spot Levels)

Sell Below 21950 Tgt 21780,21610 and  21485 (Bank Nifty Spot Levels)

Upper End of Expiry: 22530

Lower End of Expiry : 21874

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