- As Discussed in Last Analysis Bulls have been holding gann angle also we passed important time cycle date suggesting big move in round the corner, break of high of 26656 we can easily see move towards 26773/26920. Break of 26450 can see fast down move towards 26300/26210. High made today was 27765 near our target of 26773 and closed above 26656, suggesting the big move we are looking for should come by tommrow or Friday. 15 June is another important time cycle date so brace yourself for trending move. Bullish above 26656 we can easily see move towards 26773/26920/27143. Break of 26450 can see fast down move towards 26300/26210. Bank Important intraday time for reversal can be at 10:06/2:52. The Professional vs. Amateur’s Reaction to a Losing Trade
- Bank Nifty June Future Open Interest Volume is at 27.8 lakh with addition of 1.18 Lakh, with decrease in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @26408 closed above it
- 27000 CE is having highest OI @9.99 Lakh resistance at 27000 followed 27500.26000-28000 CE added 1.16 in OI so bears added position at higher level still resistance in range of 26700-26900, High made today was 26765.
- 26000 PE is having highest OI @8.3 Lakh, strong support at 26200 followed by 26000.26000-28000 PE added 1.30 lakh in OI so bulls having strong support in range of 26100-26200.
- Bank Nifty Futures Trend Deciding level is 26666 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 26503. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 26670 Tgt 26740,26820 and 26910 (Bank Nifty Spot Levels)
Sell below 26570 Tgt 26480,26420 and 26350 (Bank Nifty Spot Levels)
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