Nifty Bank Technical Analysis and Insights for 01 June

• As discussed in last analysis  All Bullish target done, Bulls need to move above 19200 for a move back to 19450/19600. Bears will get active below 19000 for a move back to 18850/18500. Till we are holding 19200 bulls have upperhand can rally towards 19450/19600. Bears will get active below 19040 for a move back to 18900/18769/18500.
  

• Intraday time for reversal can be at 9:15/10:18/12:35/1:59/2:40 How to Find and Trade Intraday Reversal Times

• Bank Nifty May Future Open Interest Volume is at 14.9 lakh with addition of 1 Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @18001 closed above it

• 19500 CE is having highest OI @2 Lakh resistance at 19500 followed 19000.18000-20000 CE added 6 Lakh in OI so bears added position in the zone of 19000-19300.

• 18500 PE is having highest OI @3 Lakh, strong support at 18500 followed by 18300.18000-19000 PE added 2 Lakh OI so bulls making support in the range of 18300-18500.

• Bank Nifty Futures Trend Deciding level is 18947 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 19014 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . ;

Buy Above 19400 Tgt 19525,19700 and 19881 (Bank Nifty Spot Levels)

Sell Below 19200 Tgt 19050,18900 and  18769 (Bank Nifty Spot Levels)

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