- As Discussed in Last Analysis Positional Long should be taken above 31490 only. Fresh shorts should be taken below 31270 for a move back to 31136/31047/30959/30872. Long should be taken above 31500 for a move towards 31667/31800/31935. 1 bearish target done and bulls not able to break 31490. Tomorrow is Venus ingress date.Long should be taken above 31500 for a move towards 31667/31800/31935. Fresh shorts should be taken below 31270 for a move back to 31136/31047/30959/30872.
- Intraday time for reversal can be at 10:53/11:51/1:11/2:15 How to Find and Trade Intraday Reversal Times
- Bank Nifty July Future Open Interest Volume is at 17.2 lakh with addition of 0.21 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @31207 closed above it. Low made on Friday 31207 and big rally today
- 32000 CE is having highest OI @1.4 Lakh resistance at 31500 followed 32000. 30000-32000 CE added 0.09 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 0.81 Lakh OI so bulls making strong support in the range of 30800-30500.
- Bank Nifty Futures Trend Deciding level is 31344 (For Intraday Traders). BNF Trend Changer Level (Positional Traders)31376 How to trade Nifty Futures and Bank Nifty Futures as per Trend Cha31388 nger Level .
Buy above 31300 Tgt 31400,31490 and 31578 (Bank Nifty Spot Levels)
Sell below 31224 Tgt 31136,31047 and 30920 (Bank Nifty Spot Levels)
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