Bank Nifty has taken support at the gann angle and saw a decent rally from bottom Now Bulls need to move above 38091 for a move back to 38284/38478/38671. Bears below 37898 can see quick fall towards 37705/37512. We have seen effect of Mars aspect with Huge volatality in the market. Bulls need to close above 38225 for short term bottom confirmation. 
Intraday time for reversal can be at 10:14/11:08/12:34/2 How to Find and Trade Intraday Reversal Times
Bank Nifty Feb Future Open Interest Volume is at 19.7 lakh with liquiadation of 1.8 Lakh contract , with decrease in Cost of Carry suggesting SHORT positions were closed today.
MAX Pain is at 38300 and PCR @1.05 Rollover cost @37516 closed above it.
As per Gann,Bulls need to move hold 37713 for upmove towards 38500.
The Option Table data indicates decent support at 37500 and reasonable resistance at 38500 .There is total OI of 4.4 Cores on the Call side and 3.76 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are in BULLISH zone.
For Positional Traders Trend Change Level is 38496 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 37877 will act as a Intraday Trend Change Level.
Buy Above 38100 Tgt 38231, 38325 and 38500 (Bank Nifty Spot Levels)
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