- As Discussed in Last Analysis As yesterday was important time cycle date High and low are again important and break of any side can see fast move of 200-300 points. BUllish above 25366 for a move back to 25632/25700. Bearish below 25300 for a downfall towards 25225/25140/25000. Low made today was 25351 and we made high of 25707 so a perfect trade was done today, Price combined with time cycle always give an additional edge. Now as 25700 is an importnat supply zone fresh trades should be taken above 25700 for a move back to 25920-26000. Bearish below 25488 for a move back to 25368/25225/25100. Tomorrow another important time cycle date Important intraday time for reversal can be at 9:50/12:25/1:31. How Ordinary People Became Millionaire Traders
- Bank Nifty Oct Future Open Interest Volume is at 14.2 lakh with liquidation of 0.25 Lakh, with increase in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @25319 closed above it.
- 26000 CE is having highest OI @4.8 Lakh resistance at 25800 followed 26000. 24000-27000 CE added 2.13 Lakh in OI so bears added in range 25500-26000 CE.
- 24500 PE is having highest OI @7.9 Lakh, strong support at 25000 followed by 24800.24000-26000 PE added 2.1 lakh OI so bulls making support at 25000-25100 range.
- Bank Nifty Futures Trend Deciding level is 25605 For Intraday Traders). BNF Trend Changer Level (Positional Traders) 25077 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 25632 Tgt 25700,25776 and 25920 (Bank Nifty Spot Levels)
Sell below 25480 Tgt 25400,25300 and 25200 (Bank Nifty Spot Levels)
Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586
Follow on Twitter:https://twitter.com/brahmesh