- As discussed in last analysis We are near a very important level of 21304-21316 and also near important gann angle suggesting price time squaring can be seen. Bulls will get active above 21610 for a move back to 21800/22000/22195. Bears will get active below 21170 for a move back to 20940/20720/20500. Bank Nifty opened with a gap up and did 1 target on upside but unable to hold gain and gave it all during the closing hours and formed a Double bottom.Bears will get active below 21170 for a move back to 20940/20720/20500. Bulls will get active above 21420 for a move back to 21748/21900/22195.
- Intraday time for reversal can be at 9:29/11:09/12:20/1:50/2:46 How to Find and Trade Intraday Reversal Times
- Bank Nifty July Future Open Interest Volume is at 15.9 lakh with liquidation of 0.36 Lakh, with increase in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @21720 closed below it.
- 21500 CE is having highest OI @10 Lakh resistance at 21500 followed 22000.20000-23000 CE added 34 Lakh in OI so bears added position in the zone of 21500-22000.
- 21000 PE is having highest OI @11 Lakh, strong support at 21000 followed by 21200.20000-23000 PE added 14 Lakh OI so bulls making support in the range of 21800-22000.
- Bank Nifty Futures Trend Deciding level is 21655 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 21926 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . ;
Buy Above 21420 Tgt 21555,21700 and 21900 (Bank Nifty Spot Levels)
Sell Below 21300 Tgt 21170,21000 and 20820 (Bank Nifty Spot Levels)
Upper End of Expiry: 21634
Lower End of Expiry: 21047
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Sir please elaborate meaning of
suggesting price time squaring can be seen.
Means big move coming..