- As Discussed in Last Analysis 29791 is another strong vedic number just like 27000. Bears will get active only below 29240 for a move back to 29160/29075/29000. 16 Mar is very important date so we will see effect on Monday. We saw the effect of Mercury Mars Conjunction also vedic number 29791 Bank Nifty corrected almost 400 points from 27791. Now Fresh long should be taken above 29791 for a move towards 29929/30125. Bears will get active below 29350 for a move for a move back to 29210/29125/29000.
- Intraday time for reversal can be at 10:02/11:49/1:26. Strong Emotions in Trading
- Bank Nifty March Future Open Interest Volume is at 26.1 lakh with addition of 0.15 Lakh, with increase 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
- 29500 CE is having highest OI @2.4 Lakh resistance at 29500 followed 29800. 27000-29000 CE liquidated 0.34 Lakh in OI so bears covered position in the zone of 29500-29800
- 28500 PE is having highest OI @4.1 Lakh, strong support at 28800 followed by 28500.26000-28000 PE liquidated 0.17 Lakh OI so bulls making strong support in the range of 28800-29000.
- Bank Nifty Futures Trend Deciding level is 29615 For Intraday Traders). BNF Trend Changer Level (Positional Traders) 28221 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 29640 Tgt 29725 ,29791 and 29929(Bank Nifty Spot Levels)
Sell below 29525 Tgt 29470,29385 and 29290(Bank Nifty Spot Levels)
Follow on Twitter:https://twitter.com/brahmesh
Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586
Youtube Channel: https://www.youtube.com/channel/UCxTIpotKybyOQIDsS3eEqhQ