- As Discussed in Last Analysis We are back to 27000 our vedic number which mostly give 300-500 points move. Bulls will get active above 27100 for a move back to 27225/27360. Bears will get active below 26970 for a move towards 26900/26784/26666. Bears were able to do 26900 on downside and we corrected 250 points from 27000, Bears will have upperhand till we are below 27000 and can move towards 26784/26666. Bulls will get active above 27000 for a move back to 27100/27225/27360.
- Intraday time for reversal can be at 11:05/1:19/2:29. Learn How to Pull the Trigger on a Trade
- Bank Nifty Feb Future Open Interest Volume is at 16.4 lakh with liquidation of 0.01 Lakh, with decrease in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @26934 closed above it.
- 27500 CE is having highest OI @5.6 Lakh resistance at 27300 followed 27500. 26000-28000 CE added 0.78 Lakh in OI so bears added position in the zone of 27300-27600.
- 27000 PE is having highest OI @6.6 Lakh, strong support at 26800 followed by 26500.26000-28000 PE added 0.59 Lakh OI so bulls making strong support in the range of 26800-26600.
- Bank Nifty Futures Trend Deciding level is 27091 For Intraday Traders). BNF Trend Changer Level (Positional Traders) 27283 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 26950 Tgt 27030,27100 and 27225 (Bank Nifty Spot Levels)
Sell below 26840 Tgt 26784,26700 and 26610 (Bank Nifty Spot Levels)
Upper End of Expiry:27004
Lower End of Expiry:26563
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