Bank Nifty Fails to Hold 200 DMA,EOD Analysis

As Discussed in Last Analysis Have we made bottom as discussed in below video its will be confirmed when we have a close above 36117 in next 2 trading session. Bulls need to move above 36117 for a move towards 36350/36481/36673. Bears need a close below 35830 for a move back to 35666/35420/35220. All Bullish target done above 36117, As Mentioned in Video Mars creates the voaltality and we saw today price correcting from the top and closing below 200 DMA. Bears were able to do 1 target on downside and this is why we have both side plan where we can change direction as per market movement. Gann Angle again acted as resistance. Now Bulls need to move above 35850 can see quick move towards 35998/36150/36333. Bears will get active below 35540 for a move towards 35193/35000/34790.

Intraday time for reversal can be at 09:37/10:34/11:32/12:29/1:28/2:27 How to Find and Trade Intraday Reversal Times

Talking about supports and resistance based on OI at this stage is not quite relevant because, with the kind of mayhem going on, no strike is safe. All this happening with VIX below 22, and with no strike having 20L+ OI is what is making this interesting.

Bank Nifty Nov Future Open Interest Volume is at 26.1 lakh with addition of 1 Lakh contract , with decrease in Cost of Carry suggesting SHORT positions were added today.

Always remember Bottom are made only on bad news and Top on Good news. GDP coming positive should have negative impact and also India Stocks Weightage has increased maximum in MSCI index.
The huge volatility and wild moves on the FnO front are indicating that the game is being played between the big players small players are getting screwed. Reduce your trading size to half till VIX comes below 16.
For Positional Traders Trend Change Level is 36611 on Futures and go long and short above/below it That will help you stay on the side of Institutions and which has a greater risk-reward ratio. For Intraday Traders 36249 will act as a Intraday Trend Change Level.