- As Discussed in Last Analysis 29300 done now waiting for 29525/29700. Bears will become active below 29100 for a move back to 28871/28666. 29525 done, Low made was 29105 so bears failed to break 29100. Till we are holding 29100 we can see a rally towards 29274/29446/29532. Bears will get active below 29070 for a move towards 28901/28763. Yesterday high and low very important.
- Intraday time for reversal can be at 10:52/11:13/12:27/1:29/2:33 How to Find and Trade Intraday Reversal Times
- Bank Nifty July Future Open Interest Volume is at 15.1 lakh with addition of 1.31 Lakh, withdecrease in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @29286 closed above it.
- 29500 CE is having highest OI @1.3 Lakh resistance at 29500 followed 30000. 28000-30000 CE added 0.80 Lakh in OI so bears added position in the zone of 29500-30000.
- 28500 PE is having highest OI @4.5 Lakh, strong support at 28500 followed by 29000.28500-29000 PE added 0.37 Lakh OI so bulls making strong support in the range of 28000-28500.
- Bank Nifty Futures Trend Deciding level is 29367 (For Intraday Traders). BNF Trend Changer Level (Positional Traders)29305 How to trade Nifty Futures and Bank Nifty Futures as per Trend Cha31388 nger Level .
Buy above 29333 Tgt 29468,29554 and 29666 (Bank Nifty Spot Levels)
Sell below 29200 Tgt 28100 ,29871 and 28700 (Bank Nifty Spot Levels)
Follow on Twitter:https://twitter.com/brahmesh
Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586
Youtube Channel: https://www.youtube.com/channel/UCxTIpotKybyOQIDsS3eEqhQ