Bank Nifty Weekly Expiry Analysis

As discussed in Last Analysis Now as we have formed DOJI near Astro date so we should see trending move in next 2 trading session. Bulls need to move above 36170 for a move back to 36342/36461/36700. Bears below 35870 can see quick fall towards 35529/35154. We got a big move on downside but saw an equal recovery also, Today being expiry expect another volatile session.Bulls need to move above 35830 for a move back to 36000/36197/36400. Bears below 35666 can see quick fall towards 35400/35225/35000.

Intraday time for reversal can be at 11:10/11:48/12:25/2:35 How to Find and Trade Intraday Reversal Times

Bank Nifty Feb Future Open Interest Volume is at 15.1 lakh with liquidation of 0.63 Lakh, with increase in Cost of Carry suggesting SHORT positions were closed today. Bank nifty Rollover cost @30980 closed above it.

36500 CE is having highest OI @11.7 Lakh resistance at 36000 followed 36500.35000-37000 CE added 20.3 Lakh in OI so bears added position in the zone of 36000-36500.

35000 PE is having highest OI @9.1 Lakh, strong support at 35000 followed by 34500 .34000-35000 PE added 12 Lakh OI so bulls making support in the range of 34500-35000.

Bank Nifty Futures Trend Deciding level is 36861 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 36063 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy Above 35830 Tgt 36000,36197 and 36400 (Bank Nifty Spot Levels)