- As Discussed in Last Analysis Gann 26 Week theory combined with High of Surgical strike day worked perfectly and we saw almost 400 points rally above 27189. Now Bulls need to move above 27600 for a move towards 27840/27936/28000. We have closed above 27600 so waiting for target of 27790/27840/27920/28000. Bears will get active below 27460 for a move back to 27360/27225/27100.
- Intraday time for reversal can be at 11:07/2:07 Understanding Tickeritis in Trading
- Bank Nifty March Future Open Interest Volume is at 18.2 lakh with addition of 0.63 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @27064 closed above it,Low made Friday was 27051 and rallies 700 points
- 28000 CE is having highest OI @3 Lakh resistance at 27700 followed 28000. 26000-28000 CE added 1.1 Lakh in OI so bears added position in the zone of 27700-28000.
- 27000 PE is having highest OI @3.6 Lakh, strong support at 27200 followed by 27000.26000-28000 PE added 0.76 Lakh OI so bulls making strong support in the range of 27100-27200.
- Bank Nifty Futures Trend Deciding level is 27665 For Intraday Traders). BNF Trend Changer Level (Positional Traders) 27297 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 27690 Tgt 27777 ,27840 and 27920 (Bank Nifty Spot Levels)
Sell below 27500 Tgt 27420,27300 and 27100 (Bank Nifty Spot Levels)
Upper End of Expiry: 27851
Lower End of Expiry: 27400
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