- As Discussed in Last Analysis Now we are nearing an important gann price time squaring as tommrow is 81 trading days from low made of 29 Jan, Venus Ingress and we are near gann angle resistance as shown in below chart. Now Bears need to break 35225 for a move back to 34960/34674/34400. Bulls need to move above 35480 for a move back to 35620/35777/35900. We saw the fall below 35225 but Bears failed to do 1 target again got stopped out, Bulls were able to close above 35480 now waiting for the target of 35620/35777/35900/36143. Bears need to break 35225 for a move back to 34960/34674/34400. 36143 is PRZ Zone as per below Harmonic Chart of Bank Nifty
- Intraday time for reversal can be at 9:15/10:33/11:53/12:22/1:03/2:32 How to Find and Trade Intraday Reversal Times
- Bank Nifty June Future Open Interest Volume is at 17 lakh with liquidation of 0.31 Lakh, with increase in Cost of Carry suggesting LONG positions were closed today. Bank nifty Rollover cost @34885 closed above it.
- 35800 CE is having highest OI @22.8 Lakh resistance at 35800 followed 36000.35000-36000 CE added 22.6 Lakh in OI so bears added position in the zone of 34500-35000.
- 35000 PE is having highest OI @28.3 Lakh, strong support at 35000 followed by 34500 .34000-35000 PE added 27 Lakh OI so bulls making support in the range of 34000-34500.
- Bank Nifty Futures Trend Deciding level is 35353 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 35342 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .