Bank Nifty Analysis for 23 June

As Discussed in Last Analysis We have 3 Plannet Ingress Sun/Jupiter/Mercury on 20/21/22 this particule Astro Phenomeon is called Tripple Ingress and is a very rare and powerful astro event,As Banks are impacted by Jupiter we should see outperformance of Bank Nifty going forward.Also we have gann date as shown below and today price bounced from gann angle suggesting a perfect price time squaring. Bulls will get active above 34940 for a move towards 35075/35220/35555. Bears will get active below 34721 for a move towards 34578/34432/33225. Bank Nifty opened with gap up and did 35220 on upside,did time correction after big rally yesterday and failed to closed above the Triple Ingress Day High. Bulls will get active above 34940 for a move towards 35075/35220/35555. Bears will get active below 34721 for a move towards 34578/34432/33225.

Intraday time for reversal can be at 9:18/10:17/11:49/12:20/2:22 How to Find and Trade Intraday Reversal Times

Bank Nifty June Future Open Interest Volume is at 10.9 lakh with liqudiation of 2.7Lakh, with decrease in Cost of Carry suggesting SHORT positions were closed today. Bank nifty Rollover cost @34885 closed above it.

35000 CE is having highest OI @32.6 Lakh resistance at 35000 followed 35500. 35000-36000 CE added 12.6 Lakh in OI so bears added position in the zone of 35000-35500.

34000 PE is having highest OI @28.3 Lakh, strong support at 34500 followed by 34000 .34000-35000 PE added 17 Lakh OI so bulls making support in the range of 34000-34500.

Bank Nifty Futures Trend Deciding level is 35046 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 35184 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy Above 34830 Tgt 34940, 35075 and 35222 (Bank Nifty Spot Levels)