Bank Nifty EOD Analysis for 12 June

As Discussed in Last Analysis Bulls need a close above 26500 for a move back to 26640/26773/26920. Bearish below 26200 for a move back to 26064/25920. High made today was 26653 so bulls did 26640 above 26500, As tommrow is important trend change date expect a good move in bank nifty soon. Bulls need a close above 26500 for a move back to 26640/26773/26920. Bearish below 26350 for a move back to 26210/26064/25920.Bank Important intraday time for reversal can be at 1:37. The Professional vs. Amateur’s Reaction to a Losing Trade

Bank Nifty June Future Open Interest Volume is at 25.8 lakh with addition of 0.35 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @26408 closed above it

27000 CE is having highest OI @9.97 Lakh resistance at 27000 followed 27500.26000-28000 CE no major change in OI so bears added position at higher level still resistance in range of 26700-26900, High made today was 26653.

26000 PE is having highest OI @7.3 Lakh, strong support at 26200 followed by 26000.26000-28000 PE added 0.74 lakh in OI so bulls having strong support in range of 26100-26200.

Bank Nifty Futures Trend Deciding level is 26559 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 26476. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy above 26480 Tgt 26555,26610 and 26666 (Bank Nifty Spot Levels)