- As Discussed in Last Analysis Bullish above 27000 for a move towards 27071/27225. 29 Dec Is very Important time cycle date as discussed in below video so we can see effect either tomorrow or Monday. Low made was 27039 and high made was 27213 near our target of 27225. Now bulls will have upper hand till we close above 27039 time cycle low. Bulls need a close above 27225 for a move back to 27360/27486. Bears will get active below 26990 for a move towards 26920/26821/26666. Important intraday time for reversal can be at 12:56/2:14. Reward of being a Successful trader
- Bank Nifty Jan Future Open Interest Volume is at 13 lakh with addition of 1.79 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @27033 closed above it.
- 27500 CE is having highest OI @5.2 Lakh resistance at 27300 followed 27500. 26000-28000 CE added 3.5 Lakh in OI so bears added position in the zone of 27300-27600.
- 27000 PE is having highest OI @4.5 Lakh, strong support at 27000 followed by 26500.26000-28000 PE added 2.5 Lakh OI so bulls making strong support in the range of 26800-27000.
- Bank Nifty Futures Trend Deciding level is 27278 For Intraday Traders). BNF Trend Changer Level (Positional Traders) 27215 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 27150 Tgt 27210,27299 and 27385 (Bank Nifty Spot Levels)
Sell below 27040 Tgt 26960,26865 and 26777 (Bank Nifty Spot Levels)
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