- As discussed in Last Analysis Bulls now need to move above 30800 for a move to continue towards 31100/31333/31555. Bears will get active below 30450 for a move back to 30240/30000.11 Very Important time cycle date. 31200 done once we are above 30800, Now Bulls need to hold 30900-30950 range for upmove to continue towards 31333/31555/31800. Bears will get active below 30900 for a move back to 30750/30500.
- Intraday time for reversal can be at 9:21/10:46/11:49/12:35/1:59/2:50 How to Find and Trade Intraday Reversal Times
- Bank Nifty Nov Future Open Interest Volume is at 18.9 lakh with addition of 2 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @29919 closed above it.
- 31500 CE is having highest OI @3.98 Lakh resistance at 31500 followed 31800.30000-32000 CE added 2.7 Lakh in OI so bears added position in the zone of 31500-31800.
- 30500 PE is having highest OI @3.3 Lakh, strong support at 30500 followed by 30300.30000-31000 PE added 16.5 Lakh OI so bulls making support in the range of 30500-30800.
- Bank Nifty Futures Trend Deciding level is 30891 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 30523 How to trade Nifty Futures and Bank Nifty Futures as per Trend Cha31388 nger Level .
Buy above 31203 Tgt 31291,31380 and 31468 (Bank Nifty Spot Levels)
Sell below 30930 Tgt 30800,30675 and 30500 (Bank Nifty Spot Levels)
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