- As Discussed in Last Analysis Yesterday was mercury ingress as discussed in below video,Bank Nifty Bulls will get active above 31500 for a move towards 31784/32000. Bears will get active below 31156 for a move towards 31070/30900. 31070 done and now waiting for next target of 30900. Bulls will get active above 31300 for a move back to 31490/31600.
- Intraday time for reversal can be at 11:11/1:20/2:20 How to Find and Trade Intraday Reversal Times
- Bank Nifty July Future Open Interest Volume is at 16.8 lakh with liquidation of 0.54 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @31207 closed above it.
- 32000 CE is having highest OI @1.1 Lakh resistance at 31500 followed 32000. 30000-32000 CE added 4.9 Lakh in OI so bears added position in the zone of 31000-31500.
- 30000 PE is having highest OI @1.4 Lakh, strong support at 30500 followed by 30300.30000-32000 PE added 0.67 Lakh OI so bulls making strong support in the range of 30800-30500.
- Bank Nifty Futures Trend Deciding level is 31305 (For Intraday Traders). BNF Trend Changer Level (Positional Traders)31346 How to trade Nifty Futures and Bank Nifty Futures as per Trend Cha31388 nger Level .
Buy above 31160 Tgt 31255,31400 and 31500 (Bank Nifty Spot Levels)
Sell below 31060 Tgt 30070,30880 and 30760 (Bank Nifty Spot Levels)
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