- As Discussed in Last Analysis As Today was an important time cycle date and we are seeing range contraction in index we are bound to see a good move 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. 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. Why Traders Lose Discipline
- Intraday time for reversal can be at 10:25/12:22/2:31 How to Find and Trade Intraday Reversal Times
- Bank Nifty June Future Open Interest Volume is at 17.5 lakh with liquidation of 2 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @31540 closed below it.
- 31500 CE is having highest OI @2.8 Lakh resistance at 31500 followed 31800. 30000-32000 CE added 0.30 Lakh in OI so bears added in the zone of 31500-31800.
- 30500 PE is having highest OI @3 Lakh, strong support at 30800 followed by 30500.30000-32000 PE added 0.65 Lakh OI so bulls making strong support in the range of 30500-30800.
- Bank Nifty Futures Trend Deciding level is 30862 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 31251 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 31000 Tgt 31087,31175 and 31263 (Bank Nifty Spot Levels)
Sell below 30900 Tgt 30823,30735 and 30647 (Bank Nifty Spot Levels)
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