- As discussed in Last Analysis We have venus Declination tommrow suggesting we could see big move in bank nifty as Venus has impact on both nifty and bank nifty. Now Bulls need to move above 36150 for a move back to 36226/36358/36455. Bears will get active below 35898 for a move towards 35768/35555/35321. Bears were able to do 1 target on downside and till we are below 35937 bears can push index towards 35768/35555/35321. Bulls will get active above 36000 for a move back to 36200/36412. Based on Venus Declination we should see another big move in market in next 2 trading session.
- Intraday time for reversal can be at 9:41/10:35/11:40/1/1:49/2:36 How to Find and Trade Intraday Reversal Times
- Bank Nifty August Future Open Interest Volume is at 19.4 lakh with liquidation of 0.67 Lakh, with increase in Cost of Carry suggesting SHORT positions were closed today. Bank nifty Rollover cost @34880 closed above it.
- 36000 CE is having highest OI @17.4 Lakh resistance at 36000 followed 36200. 36000-37000 CE added 22.2 Lakh in OI so bears added position in the zone of 36000-36500.
- 35500 PE is having highest OI @11.1 Lakh, strong support at 35500 followed by 35000.35000-36000 PE added 13 Lakh OI so bulls making support in the range of 35000-35500.
- Bank Nifty Futures Trend Deciding level is 35871 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 35700 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
superb work brameshji, hats off
small players like me can play only on specific days can earn good.
thanks a ton always for your all posts may god guide you always.