Bank Nifty Analysis as Saturn goes Retrograde

As Discussed in Last Analysis As we are near both Gann Angle support and Trendline support as shown in Supply Demand Chart suggesting holding todays low we can see bounce back. Bulls need a close above 33410 for a move back to 33555/33687/33888. Bears will get active below 33270 for a move back to 33127/32920/32729. We have seen excellent move from gann angle support, We have formed a DOJI candel today at gann angle resistance. Bulls need a close above 35040 for a move back to 35260/35555/35840. Bears will get active below 34729 for a move back to 34575/34210/33960.

Intraday time for reversal can be at 9:15/10:27/11:51/12:55/1:59 How to Find and Trade Intraday Reversal Times

Bank Nifty April Future Open Interest Volume is at 14.6 lakh with addition of 2.1 Lakh, with decrease in Cost of Carry suggesting LONG positions were closed today. Bank nifty Rollover cost @33146 closed above it.

35000 CE is having highest OI @10.8 Lakh resistance at 35000 followed 35300.34000-35000 CE added 10.6 Lakh in OI so bears added position in the zone of 34500-35000.

34000 PE is having highest OI @10.2 Lakh, strong support at 34000 followed by 34500 .34000-35000 PE added 8 Lakh OI so bulls making support in the range of 34000-34500.

Bank Nifty Futures Trend Deciding level is 34945 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 34160 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy Above 35040 Tgt 35200,35350 and 35555 (Bank Nifty Spot Levels)