- As Discussed in Last Analysis Bears will become active below 26990 for a move back to 26920/26800.25 Feb is important time cycle date so effect will be seen today or Monday. Bank Nifty Opened with gap down high made was 26997 so bears got chance to short below 26990 and were able to achieve 1 target of 26920. Now Till we are below 26920 bears have upper hand and can push towards 26800/26721/26610. BUlls will become active above 27000 for a move back to 27072/27150/27225.25 Feb is important time cycle date.
- Intraday time for reversal can be at 12:18/2:21. When You fail as a trader
- Bank Nifty Feb Future Open Interest Volume is at 12.8 lakh with addition of 0.46 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @26934 closed above it.
- 27500 CE is having highest OI @6.3 Lakh resistance at 27300 followed 27500. 26000-28000 CE added 12.7 Lakh in OI so bears added position in the zone of 27200-27300.
- 26000 PE is having highest OI @5.5 Lakh, strong support at 26800 followed by 26600.26000-28000 PE added 3.6 Lakh OI so bulls making strong support in the range of 26600-26800.
- Bank Nifty Futures Trend Deciding level is 26980 For Intraday Traders). BNF Trend Changer Level (Positional Traders) 27144 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 26930 Tgt 27000 ,27070 and 27150 (Bank Nifty Spot Levels)
Sell below 26840 Tgt 26784,26700 and 26610(Bank Nifty Spot Levels)
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