As Discussed in Last Analysis We have seen side ways move as next important astro date is on 12-13 July so monday can be also sideways day. For Swing Traders Bulls need to move above 35164 now waiting for target of 35351/35538/35729. Bears will get active below 35074 for a move towards 34886/34698/34511. Bulls were able to do 2 target on upside, Tommrow we have Moon Declination so watch out first 15 mins High and Low to take trade. Mercury/Jupiter has big impact on Bank Nifty also tommrow we have Mercury Square Jupiter HELIO aspect. Bulls need to close above 35567 now waiting for target of 1635755/35942/36129. Bears will get active below 35325 for a move towards 35166/34977/34789.
Intraday time for reversal can be at 9:24/10:43/11:40/12:15/1:53/2:46 How to Find and Trade Intraday Reversal Times
Bank Nifty May Future Open Interest Volume is at 24.2 lakh with addition of 1.62 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.
Range of 35325-35358 should be watched closely. Its Make or break level for 1000 points Move in Bank Nifty.
Above 35550 we can see move towards 35958.
Maximum Call open interest of 28 lakh contracts was seen at 36000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 23 lakh contracts was seen at 35000 strike, which will act as a crucial Support level
MAX Pain is at 35300 and PCR @0.96 . PCR below 0.93 and above 1.3 lead to trending moves, and in between leads to range bound markets.
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