- As Discussed in Last Analysis Fresh long should be taken above 30010 for a move towards 30096/30240/30384. Shorts will get activated below 29700 for a move back to 29520/29376. 30240 done which was gann angle resistance and we turned from that level, but closed above 30010. Fresh long should be taken above 30098 for a move towards 30240/30384. Shorts will get activated below 29900 for a move back to 29829/29743/29656.
- Intraday time for reversal can be at 10:02/12:53/2:19 Strong Emotions in Trading
- Bank Nifty April Future Open Interest Volume is at 11.9 lakh with addition of 3.2 Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @27064 closed above it,Low made Friday was 27051 and rallies 2500 points
- 30200 CE is having highest OI @5.7 Lakh resistance at 30200 followed 30000. 29000-30000 CE added 2.3 Lakh in OI so bears added in the zone of 30000-30200
- 29000 PE is having highest OI @5 Lakh, strong support at 29700 followed by 29500.26000-28000 PE liquidated 1.5 Lakh OI so bulls making strong support in the range of 29500-29800.
- Bank Nifty Futures Trend Deciding level is 30098 For Intraday Traders). BNF Trend Changer Level (Positional Traders) 28730 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 30090 Tgt 30175 ,30260 and 30384 (Bank Nifty Spot Levels)
Sell below 29910 Tgt 29830,29743 and 29656 (Bank Nifty Spot Levels)
Upper End of Expiry :30287
Lower End of Expiry :29752
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