Jupiter goes Ingress:Bank Nifty Analysis

As Discussed in Last Analysis As discussed on below video Mercury goes Helio Ingress suggesting we are in for a big move in market in next 2 trading sessions. Now Bulls need to move above 34980 for a move back to 35168/35387/35637. Bears will get active below 34898 for a move back to 34700/34450/34231. Bank Nifty opened with gap up but once below 34898 did 1 target on downside, Now Tommrow Jupiter is going Ingress in Aquaries so Bank will start outperforming Nifty and we can see good move again. Bears are waiting for the target of 34700/34450/34231. Bulls need to move above 34850 for a move back to 35001/35166/35371.

Intraday time for reversal can be at 09:15/10:06/12:42/1:08/2:20 How to Find and Trade Intraday Reversal Times

Bank Nifty July Future Open Interest Volume is at 14.4 lakh with addition of 0.79 Lakh, with increase in Cost of Carry suggesting SHORT positions were added today. Bank nifty Rollover cost @34909 closed below it.

35500 CE is having highest OI @15 Lakh resistance at 35500 followed 36000 . 35000-37000 CE added 15.3 Lakh in OI so bears added position in the zone of 35000-35300.

34500 PE is having highest OI @15.7 Lakh, strong support at 34500 followed by 34000 .34000-35000 PE added 12 Lakh OI so bulls making support in the range of 34500-34000.

Bank Nifty Futures Trend Deciding level is 34951 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 35286 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy Above 34850 Tgt 34950, 35080 and 35166 (Bank Nifty Spot Levels)