- As discussed in Last analysis Bulls need close above 19367 for target of 19650/19766, Bears below 19000 for target of 18800/18500. Till 19158 is not broken its buy on dips market. Low made was 19282 , High near 1932, Bank Nifty bears unable to break 19158 and Bulls were unable to close above 19367 suggesting fight is on in between both of them, Bulls need a close above 19367 and bears below 19158.Price are near the gann vertical line as shown in below chart suggesting impulsive move is round the corner. What separates amateur traders from the professional trader
- Bank Nifty September Future Open Interest Volume is at 19.9 lakh with addition of 6.4 lakh, with rise in Cost of Carry suggesting long positions were added today. Bank nifty Rollover is @ 71.8 % and Rollover cost at 19450 Do you know your Risk of Ruin in trading ?
- Bank Nifty Futures Trend Deciding level is 19473 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 19473 .How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 19400 Tgt 19480,19550 and 19680(Bank Nifty Spot Levels)
Sell below 19240 Tgt 19190,19100 and 19000 (Bank Nifty Spot Levels)