- As discussed in last analysis Now we need close above 17067 and gann Horizontal trendline for next move towards 17400, Support at 16792-16800. High made today was 17424 Bank nifty showed an impulsive move above 17067 and did 17367 in matter of hours, this is what happens once we complete time correction. Now Bulls would like to have weekly close above 17400 for next move towards 17650/18000. Bears will have chance only below 17050. Benefits of Making a Trading Plan
- Bank Nifty June Future Open Interest Volume is at 16.4 lakh with addition of 6.3 lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost is coming at 16995 and Rollover % 68.6 Do you know your Risk of Ruin in trading ?
- Bank Nifty Futures Trend Deciding level is 17154 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 17154.How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 17430 Tgt 17520,17600 and 17704 (Bank Nifty Spot Levels)
Sell below 17350 Tgt 17250,17100 and 17000 (Bank Nifty Spot Levels)