- As Discussed in Last Analysis Intraday as soon as it moved above 25320 did moved till 26140, also trend turned at 1:17 .As we have RBI Policy tommrow another volatile move coming Bullish above 25920 for a move towards 26064/26150/26280/26500. Bearish below 25900 for a move towards 25770/25510. Important intraday time for reversal can be at 12:22/1:23. Bank Nifty opened gap up but as soon as 25900 was broken we got the fall towards 25770/25558 missed the target of 25510. Bulls need close above 25800 for a move towards 26020/26150/26280. Bearish below 25630 for a move towards 25510/25250. Important intraday time for reversal can be at 10:11/12:31 Global stock market turmoil:Nifty down 895 Points Post Budget
- Bank Nifty Feb Future Open Interest Volume is at 21.1 lakh with addition of 1.5 Lakh, with decrease in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @27248, closed below it and corrected 2248 points.
- 26500 CE is having highest OI @3.5 Lakh resistance at 26500 followed 27000.26000-28000 CE added 2.1 lakh in OI so bears covered position at higher levels.
- 26000 PE is having highest OI @5.5 Lakh, strong support at 25600 followed by 25500.26000-28000 PE liquidated 0.33 lakh in OI still strong support at 25500-25600 .
- Bank Nifty Futures Trend Deciding level is 25778 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 25827. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 25780 Tgt 25980,26150 and 26290 (Bank Nifty Spot Levels)
Sell below 25620 Tgt 25510,25400 and 25250 (Bank Nifty Spot Levels)
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