BANK NIFTY Rallies 1500 Points as Astro Date Shows Effect

• As discussed in Last Analysis  Now next week we should see a break out in Bank nifty with effect of Astro date we had today. Bulls need to move above 36200 can see move towards 36387/36610/36900. Bears will get active below 35930 for a move back to 35765/35421/35150. We got the big move as per expecation based on Astro date and all bullish target done on upside and we also got 1000+ points move from 35937. Now Bulls need to move above 37450 for a move back to 37636/37831/38025. Bears will get active below 37050 for a move back to 36864/36673/36481.

• Intraday time for reversal can be at 9:25/10:51/11:42/12:34/2:16 How to Find and Trade Intraday Reversal Times

• Bank Nifty Feb  Future Open Interest Volume is at 19.7 lakh with addition of 2.2 Lakh, with increase in Cost of Carry suggesting LONG positions were ADDED today. Bank nifty Rollover cost @30980 closed above it.

• 38000 CE is having highest OI @7.3 Lakh resistance at 367500 followed 38000.36000-38000 CE added 4.3 Lakh in OI so bears added position in the zone of 36000-36500.

• 36500 PE is having highest OI @6 Lakh, strong support at 36500 followed by 36000 .34000-35000 PE added 22 Lakh OI so bulls making support in the range of 34500-35000.

• Bank Nifty Futures Trend Deciding level is 36978  (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 36295 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy Above 37450 Tgt 37600,37850 and 38000 (Bank Nifty Spot Levels)

Sell Below 37150 Tgt 37053,36927 and 36800 (Bank Nifty Spot Levels)