As Discussed in Last Analysis Today we have Moon Declination so watch for 15 mins high and low to know the trend of the day. Bulls need to move above 33940 for a move towards 34124/34308/34491/34657. Bears need to move below 33729 for a move towards 33626/33535/33444/33353. Moon Declination helped in capturing the perfect move and we will do all target on upside with gap up OPen. Bayers Rule and Double Ingress helped in capturing the perfect move. For Swing traders Bulls need to move above 34575 for a move towards 34758/34942/35125. Bears will get active below 34208 for a move towards 34025/33841/33658.
Intraday time for reversal can be at 9:44/10:37/11:24/12:51/1:20/2:12 How to Find and Trade Intraday Reversal Times
Bank Nifty May Future Open Interest Volume is at 25.9 lakh with addition of 3.79 Lakh contract , with increase in Cost of Carry suggesting Long positions were added today.
Bank Nifty rollover cost @ 33655 and Rollover @80.2 % Closed above it.
As per Musical Octave Above 33195 Rally towards 34183. 34183 done now heading towards 35170 till hlding 341803
Maximum Call open interest of 25 lakh contracts was seen at 35000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 21 lakh contracts was seen at 34500 strike, which will act as a crucial Support level
MAX Pain is at 34200 and PCR @0.93 . PCR below 0.93 and above 1.3 lead to trending moves, and in between leads to range bound markets.
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