Aug Monthly F&O Expiry:Bank Nifty Analysis

As discussed in Last Analysis All Bullish target done, Sun Ingress Confirmed bottom and Bayers date gave mometum when 2 Astro Date come together we generally gets big move in market. Now Bulls need to move above 35809 for a move back to 35937/36100/36326. Bears will get chance only below 35610 for a move back to 35525/35432/35256. Bulls failed to do the 1 target on upside and bears were able to close below 35610 now waiting for the target of 35525/35432/35344/35250.Today we have Moon Declination suggesting next 2 days we will get another big move. Bulls will get active above 35688 for a move towards 35782/35877/35972/36067.

Intraday time for reversal can be at 9:34/10:15/11:03/12:49/1:18/2:18/2:40 How to Find and Trade Intraday Reversal Times

Bank Nifty Sep Future Open Interest Volume is at 11.8 lakh with addition of 3.6 Lakh, with decrease in Cost of Carry suggesting LONG positions were closed today. Bank nifty Rollover cost @34880 closed above it.

36000 CE is having highest OI @22.1 Lakh resistance at 35800 followed 36000. 35000-36000 CE added 12 Lakh in OI so bears added position in the zone of 35800-36000.

35000 PE is having highest OI @21.1 Lakh, strong support at 35000 followed by 34800.30500-35000 PE added 19 Lakh OI so bulls making support in the range of 34300-34500.

Bank Nifty Futures Trend Deciding level is 35661 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 35631 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy Above 35688 Tgt 35782, 35877 and 35972 (Bank Nifty Spot Levels)