- As Discussed in Last Analysis Today we have Mercury – Venus Declination and Tommrow Mercury goes retrograde so strong trending move will be seen in next 2 trading sessions.We got the big trending move as expected and formed outside bar pattern today and we closed above important gann level of 35500, Bulls need to move above 35600 for the move to contiue towards 35800/36000/36400 . Bears will get active below 35343 for a move back to 35100/32920/32817
- Intraday time for reversal can be at 9:28/11:23/12/1:16/2:34 How to Find and Trade Intraday Reversal Times
- Bank Nifty June Future Open Interest Volume is at 17.2 lakh with liquidation of 0.21 Lakh, with increase in Cost of Carry suggesting LONG positions were added today. Bank nifty Rollover cost @34885 closed above it.
- 36500 CE is having highest OI @19.8 Lakh resistance at 36000 followed 36500.35000-36000 CE added 12.6 Lakh in OI so bears added position in the zone of 34500-35000.
- 34000 PE is having highest OI @18.3 Lakh, strong support at 34500 followed by 34000 .34000-35000 PE added 16 Lakh OI so bulls making support in the range of 34000-34500.
- Bank Nifty Futures Trend Deciding level is 35431 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 35283 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .