- As discussed in Last Analysis High made toady was 24948 so 2 target of 24912 also done,and closed above 24768 again. Till 24700 which is gann horizontal line is held bulls can again rally back till 24912/25050/25200. Bearish below 24480 for a move towards 24336/24180/24000. Gann angle line supported bank nifty yesterday and today it did 24995, Now Bulls need to hold 24788 for a move towards 25200/25500. Bearish below 24480 for a move towards 24336/24180/24000. Build up your confidence as a trader
- Bank Nifty Sep Future Open Interest Volume is at 24.1 lakh with addition of 0.28 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @24345 closed above it rallied 600 points above it.
- 25000 CE is having highest OI @7.5 Lakh resistance at 25000 followed 25200. 24000-26000 CE added 1.7 lakh so bears added major position in 25000/25200 CE.
- 24000 PE is having highest OI @13.9 Lakh, strong support at 24000 followed by 24500, Bulls added 4.9 Lakh position in OI in range of 24000-26000.
- Bank Nifty Futures Trend Deciding level is 24920 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 24510 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 24930 Tgt 25001,25080 and 25180 (Bank Nifty Spot Levels)
Sell below 24800 Tgt 24730,24640 and 24520 (Bank Nifty Spot Levels)