- As Discussed in Last Analysis Bulls need to close above 27250 for a move towards 27360/27450/27555/27656. Bears will get active below 27000 for a move towards 26920/26785/26666. High made today was 27248 so bulls were able to do our 1 target and closes above 27250, Today was an important time cycle day break of today high 27360 can see a move of 150-200 points easily so we can move towards 27500/27533. Bears will get active below 27150 for a move towards 27072/27000.
- Intraday time for reversal can be at 9:37/2:26. Tips for Successful Trading
- Bank Nifty Feb Future Open Interest Volume is at 15.4 lakh with addition of 1 Lakh, with decrease in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @26934 closed above it.
- 27500 CE is having highest OI @3.7 Lakh resistance at 27600 followed 27800. 26000-28000 CE added 0.13 Lakh in OI so bears added position in the zone of 27400-27600.
- 27000 PE is having highest OI @4.1 Lakh, strong support at 27000 followed by 26900.26000-28000 PE added 0.76 Lakh OI so bulls making strong support in the range of 26900-27000.
- Bank Nifty Futures Trend Deciding level is 27328 For Intraday Traders). BNF Trend Changer Level (Positional Traders) 27227 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 27300 Tgt 27360,27450 and 27555 (Bank Nifty Spot Levels)
Sell below 27210 Tgt 27170,27100 and 27000 (Bank Nifty Spot Levels)
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