- As Discussed in Last Analysis Bank Nifty did a bounce from 29800-29900 zone and we are waiting for 1 target of 30276/30400. Fresh shorts should be taken below 29780 for a move towards 29639/29553. Shorts below 29780 got stopped out, As today was important time cycle date high and low are important and break of high 30232 can see move towards 30322/30409/30583. Break of Low 29716 can see move towards 26629/29543/29372/29286 . In Between use Intraday level mentioned below to trade.29791 is our vedic number till we are closing above it Bulls will have upperhand.
- Intraday time for reversal can be at 10:22/1:25 How to Find and Trade Intraday Reversal Times
- Bank Nifty April Future Open Interest Volume is at 19.6 lakh with addition of 0.36 Lakh, with increase in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @29967.
- 30500 CE is having highest OI @3.8 Lakh resistance at 30200 followed 30500. 29000-31000 CE added 1.22 Lakh in OI so bears added in the zone of 30000-30300
- 29500 PE is having highest OI @3.5 Lakh, strong support at 29800 followed by 29600.29000-31000 PE liquidated 0.50 Lakh OI so bulls making strong support in the range of 29600-29800.
- Bank Nifty Futures Trend Deciding level is 30123 For Intraday Traders). BNF Trend Changer Level (Positional Traders) 30395 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 29886 Tgt 29971,30058 and 30145 (Bank Nifty Spot Levels)
Sell below 29790 Tgt 29700,29626 and 29540 (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