Bank Nifty Trade Set up for 19 March

As discussed in last analysis Now we are near 21952 holding the same we can see bounce back towards 22345/22700/23000. Bears will get active below 21952 for a move back to 21500/21000. All Bearish target done below Gann number of 21952. Another gap down open will be seen and bears should can see fall towards 19683/19360 another important gann numbers once we start trading below 20000. Bulls will get active above 20300 fora move towards 20600/21000.

Intraday time for reversal can be at 10:04/10:48/1:18/1:58/2:57 How to Find and Trade Intraday Reversal Times

Bank Nifty March Future Open Interest Volume is at 12.4 lakh with addition of 1 Lakh, with decrease in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @30428 closed below it.

21000 CE is having highest OI @18 Lakh resistance at 21000 followed 21500.20000-23000 CE added 25 Lakh in OI so bears added position in the zone of 21000-21500.

20000 PE is having highest OI @8 Lakh, strong support at 20000 followed by 19500.19000-21000 PE added 11 Lakh OI so bulls making support in the range of 19000-19500.

Bank Nifty Futures Trend Deciding level is 21880 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 23455 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy above 20666 Tgt 20800,21100 and 21400 (Bank Nifty Spot Levels)