Bank Nifty Forms Inside Bar,EOD Analysis

As Discussed in Last Analysis Now Bulls need to move above 29555 for a move back to 29700/29850/30000. Bears below 29400 can see fall back to 29250/29100/28800. We have formed Inside Bar today and had a dull expiry today. 05 Dec is important gann date as it being an Holiday we should see move either tommrow or Monday. Bulls now need to move above 29555 for a move back to 29700/29850/30000. Bears below 29350 can see fall back to 29200/29040/28850.

Intraday time for reversal can be at 9:46/10:22/11:34/12:54/2:14/2:48 How to Find and Trade Intraday Reversal Times

Bank Nifty Nov Future Open Interest Volume is at 15.9 lakh with addition of 0.19 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @29413 closed above it.

30000 CE is having highest OI @12 Lakh resistance at 29800 followed 30000.29000-30000 CE added 2.1 Lakh in OI so bears added position in the zone of 29800-30000.

29300 PE is having highest OI @8.1 Lakh, strong support at 29300 followed by 29100.28000-29000 PE added 6 Lakh OI so bulls making support in the range of 29000-29300.

Bank Nifty Futures Trend Deciding level is 29660 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 29595 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy Above 29500 Tgt 29595,29710 and 29813 (Bank Nifty Spot Levels)