- As Discussed in Last Analysis Fresh shorts should be taken below 29780 for a move towards 29639/29553. Bull will get active above 30000 for a move back 30276/30400. Bank Nifty did a bounce from 29800-29900 zone and we are waiting for 1 target of 30276/30400. Fresh shorts should be taken below 29780 for a move towards 29639/29553.
- Intraday time for reversal can be at 10:01/11:55/2:43 How to Find and Trade Intraday Reversal Times
- Bank Nifty April Future Open Interest Volume is at 19.3 lakh with liquidation of 0.26 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @29967.
- 30500 CE is having highest OI @3.6 Lakh resistance at 30200 followed 30500. 29000-31000 CE added 0.27 Lakh in OI so bears added in the zone of 30000-30300
- 29500 PE is having highest OI @3.3 Lakh, strong support at 29800 followed by 29600.29000-31000 PE added 1.12 Lakh OI so bulls making strong support in the range of 29600-29800.
- Bank Nifty Futures Trend Deciding level is 30218 For Intraday Traders). BNF Trend Changer Level (Positional Traders) 30434 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 30150 Tgt 30222 ,30360 and 30450 (Bank Nifty Spot Levels)
Sell below 30000 Tgt 29900,29810 and 29712 (Bank Nifty Spot Levels)
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