- As Discussed in Last Analysis Now bulls need to hold 25250 and close above 25441 for the up move to continue towards 25555/25777/25920 our important vedic number. Bearish below 25200 only for a move back to 25000. Bank Nifty bulls did the 1 target of 25555 now bulls need to hold 25450 breakout level of gann angle for the upmove to continue towards 25632/25777/25920. Bearish below 25344 for the downmove towards 25200/25050. Bank Important intraday time for reversal can be at 10:22/ 11:41/2:41. Time Based Scanner for Stocks for 01-05 May
- Bank Nifty May Future Open Interest Volume is at 23.9 lakh with liquidation of 0.85 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @24969 closed above it and rallied 400 points.
- 25500 CE is having highest OI @3.8 Lakh resistance at 25500 followed 25800.24000-26000 CE liquidated 0.26 lakh in OI so bears covered position at higher level making resistance in range of 25600-800
- 24500 PE is having highest OI @7.7 Lakh, strong support at 25300 followed by 25000.24000-26000 PE liquidated 1 lakh in OI so bulls having strong support in range of 24800-25000.
- Bank Nifty Futures Trend Deciding level is 25609 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 25285. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 25550 Tgt 25630,25700 and 25777 (Bank Nifty Spot Levels)
Sell below 25500 Tgt 25420,25350 and 25250 (Bank Nifty Spot Levels)
Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586
Follow on Twitter:https://twitter.com/brahmesh