Bank Nifty Bulls Continue to protect 25000,EOD Analysis

As Discussed in Last Analysis Bank Nifty opened with gap down but as soon as it crossed 25130 did our 2 bullish target. Till we are holding 25150 Bulls have firepower to do 25452/25525/25610/25784. Bearish below 25100 for a move back to 25000/24920/24784. Bank Nifty did 25452 today and below 25100 did low of 25026. We had trend change date today so today’s high and low are very important, Break any side can give 250-300 point easily. Bullish above 25258 for a move towards 25420/25525/25666/25811. Bearish below 24983 for a move back to 24900/24784/24666. We should be seeing a good move in bank nifty in next 1-2 days as price never stays between gann angle for so long. Important intraday time for reversal can be at 10:03/12:25/2:34. Money Management and Discipline Matters In Trading

Bank Nifty Oct Future Open Interest Volume is at 18.9 lakh with addition of 0.37 Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @25319 closed above it.

25500 CE is having highest OI @6.7 Lakh resistance at 25500 followed 25800. 25000-27000 CE added 1.8 Lakh in OI so bears added in range 25500-26500 CE making suggesting range of 25700-25800 will be strong resistance.

24500 PE is having highest OI @5.9 Lakh, strong support at 24800 followed by 24500.24000-26000 PE added 0.57 lakh OI so bulls having strong support in range of 24900-25000.

Bank Nifty Futures Trend Deciding level is 25342 For Intraday Traders). BNF Trend Changer Level (Positional Traders) 25264 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .