- As Discussed in Last Analysis Positional Long should be taken above 31800 only else this rally will get sold into. Bulls will get active only above 31800 for a move towards 32000/32250/32500. Bears will become active below 31400 for a move back to 31284/31100/30900. High made was 31752 so bulls still unable to close above 31800, Bulls will get active only above 31800 for a move towards 32000/32250/32500. Bears will become active below 31500 for a move back to 31284/31100/30900.Why Traders Lose Discipline
- Intraday time for reversal can be at 11:18/1:51/2:39 How to Find and Trade Intraday Reversal Times
- Bank Nifty June Future Open Interest Volume is at 20.6 lakh with addition of 0.65 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @31540 closed above it.
- 32000 CE is having highest OI @2.53 Lakh resistance at 31800 followed 32000. 30000-32000 CE added 0.74 Lakh in OI so bears added in the zone of 31500-31800.
- 31000 PE is having highest OI @2.71 Lakh, strong support at 31000 followed by 30800.30000-32000 PE added 0.35 Lakh OI so bulls making strong support in the range of 30500-30800.
- Bank Nifty Futures Trend Deciding level is 31680 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 31533 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 31620 Tgt 31700,31784 and 31860 (Bank Nifty Spot Levels)
Sell below 31549 Tgt 31461,31372 and 31284 (Bank Nifty Spot Levels)
Upper End of Expiry: 31847
Lower End of Expiry: 31330
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