- As Discussed in Last Analysis 26 May is important time cycle date so effect will be seen on Monday. Bank Nifty bulls need close above 31275 for a move towards 31452/31630/31718. All Bullish target done above 31275. Bank Nifty held on to the Asto low of 22 May@30262 as we have discussed Astro date for May month and is up 1400 points in 2 trading session. Bank Nifty Bulls now need to close above 31794 for the upmove to continue towards 32062/32151/32331/32500. Bears will become active below 31520 for a move back to 31349/31173/30996. Why Traders Lose Discipline
- Intraday time for reversal can be at 9:15/11:09/1:08/2:02 How to Find and Trade Intraday Reversal Times
- Bank Nifty May Future Open Interest Volume is at 18.4 lakh with addition of 0.2 Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @29964 closed above it.
- 31500 CE is having highest OI @4.8 Lakh resistance at 31500 followed 31800. 28000-31000 CE liquidated 2 Lakh in OI so bears covered in the zone of 31000-31500
- 30500 PE is having highest OI @5.2 Lakh, strong support at 30500 followed by 30000.29000-31000 PE added 13 Lakh OI so bulls making strong support in the range of 30000-30500.
- Bank Nifty Futures Trend Deciding level is 31472 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 29846 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 31715 Tgt 31850,31972 and 32055 (Bank Nifty Spot Levels)
Sell below 31490 Tgt 31350,31260 and 31173 (Bank Nifty Spot Levels)
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