Bank Nifty EOD Analysis for 17 June

As Discussed in Last Analysis As per Neural Analysis video we saw perfect bounce in Bank nifty. Bulls will now get active above 31000 for a move back to 31155/31352. Bears will get active below 30900 for a move back to 30735/30560. Bulls got whipsawed above 31000 and neural analysis low also got breached but below 30900 we were able to do our final target of 30560.Now Bulls need a close above 30683 for a move towards 30858/31000. Bears will get active below 30500 for a move back to 30333/30160/30000. Why Traders Lose Discipline

Intraday time for reversal can be at 11:12/12:43/2:05 How to Find and Trade Intraday Reversal Times

Bank Nifty June Future Open Interest Volume is at 18.2 lakh with addition of 0.72 Lakh, with decrease in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @31540 closed below it.

31500 CE is having highest OI @4.1 Lakh resistance at 31500 followed 31800. 30000-32000 CE added 3.2 Lakh in OI so bears added in the zone of 31500-31800.

30500 PE is having highest OI @3.1 Lakh, strong support at 30800 followed by 30500.30000-32000 PE liquidated 0.31 Lakh OI so bulls making strong support in the range of 30500-30600.

Bank Nifty Futures Trend Deciding level is 30755 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 31206 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .