- As Discussed in Last Analysis Bank Nifty saw the effect of 28 Oct Time cycle and above 24500 did our target of 24920. Now Bank Nifty need to close above 25080 for the upmove to continue towards 25287/25496. Bearish 24868 for a move back to 24658/24450. Bank Nifty Bulls got stopped out, Bears almost did our target of 24658. Now bears need to break 24784 for a move back to 24658/24450. Bullish above 24920 for a move back to 25080/25287. Expect a good move tomorrow as per astrological cycle.Important intraday time for reversal can be at 11:28/1:14/3:01. Nifty Astrological Analysis
- Bank Nifty Nov Future Open Interest Volume is at 15.7 lakh with liquidation of 0.88 Lakh, with decrease in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @25131 rollover closed below it.
- 25500 CE is having highest OI @3.5 Lakh resistance at 25500 followed 26000. 24000-27000 CE added 0.81 Lakh in OI so bears added in range 25300-25500 CE.
- 24500 PE is having highest OI @4.2 Lakh, strong support at 24500 followed by 24000.24000-26000 PE added 0.28 lakh OI so bulls continue to add in range of 24500-24700.
- Bank Nifty Futures Trend Deciding level is 25008 For Intraday Traders). BNF Trend Changer Level (Positional Traders) 24858 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 24880 Tgt 24960,25050 and 25190 (Bank Nifty Spot Levels)
Sell below 24784 Tgt 24700,24625 and 24500 (Bank Nifty Spot Levels)
Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586
Follow on Twitter:https://twitter.com/brahmesh