- As discussing in past analysis Till we are holding 18896 we can see move till 19103/19230, Bearish only close below 18700. Today Bank Nifty closed above 18905 so bulls held on to 18896 and gann lower arc suggesting they are still in play, Holding the same target are 19103/19230, Bearish on on close below 18700 for move till 18546-18500 When not to Trade
- Bank Nifty July Future Open Interest Volume is at 23.2 lakh with liquidation of 0.55 lakh, with increase in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover is 75 % Rollover cost is coming at 17722 Do you know your Risk of Ruin in trading ?
- 19000 CE is having highest OI @4.3 Lakh resistance formation @19000. 17000-19000 CE saw 0.23 lakh liquidation in OI so bears have started squaring off their position.
- 18000 PE is having highest OI @4.8 Lakh, strong support at 18000 followed by 17500, Bulls added 0.72 Lakh in OI in 17000-19000 PE aggressive addition in 19000 PE.
- Bank Nifty Futures Trend Deciding level is 18947 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 18455 .How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 18950 Tgt 19020,19120 and 19210 (Bank Nifty Spot Levels)
Sell below 18870 Tgt 18820,18720 and 18650 (Bank Nifty Spot Levels)