- As discussed in last analysis Tomorrow 17103/17025 support zone should be watched as holding the same we can see relief rally till 17350. Bank Nifty made low of 17170 and bounced back towards 17399 and closed@ 17354 just below the demand zone of 17368. Bulls needs to close above 17368 for a move till 17600. Gunner still suggests bears are in control till we do not close above the gann trendline. If not bank nifty will move towards 17000 odd levels. Bank Nifty lot size is changing from 25 to 30, For other lot size please click on this link , Joy of Giving
- Bank Nifty November Future Open Interest Volume is at 20.5 lakh with liquidation of 1.4 Lakh with decrease in CoC suggesting short position were closed today. Rollover cost of Bank nifty is @ 17782
- 18000 CE is having highest OI @3.6 Lakh strong resistance formation @18000. 17500 CE added 0.62 lakh so bears forming wall @ 17500. 17500-18500 CE added 3.14 Lakh in OI on first day of series.
- 17000 PE is having highest OI @2.5 lakh strong base @17000 followed by 16500. 16500/17500 PE added 1.8 lakh not strong addition seen by bulls as compared to bears. Range of Bank Nifty at start of series is coming between 16500-17500.
- Bank Nifty Futures Trend Deciding level is 17390 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 17384 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 17400 Tgt 17450,17520 and 17660 (Bank Nifty Spot Levels)
Sell below 17300 Tgt 17220,17100 and 17000(Bank Nifty Spot Levels)