- As Discussed in Last Analysis Now Bulls need to close above 27451 for the up move towards 27617/27783/28000. Bears need to break 27330 for the down move towards 27200/27000/26900. 03 Sep is important time cycle date. 26900 done below 27330, we saw the effect of astro dates. Bears will get active below 26740 for a move towards 26590/26433/26200. Bulls will get active above 26940 for a move towards 27100/27300
- Intraday time for reversal can be at 10:46/11:19/12:36/1:10/2:14 How to Find and Trade Intraday Reversal Times
- Bank Nifty Sep Future Open Interest Volume is at 16.4 lakh with addition of 1.95 Lakh, with decrease in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @27807 closed below it.
- 28000 CE is having highest OI @9.1 Lakh resistance at 28000 followed 28300. 27000-30000 CE added 27 Lakh in OI so bears added position in the zone of 27000-27500.
- 26500 PE is having highest OI @3.7 Lakh, strong support at 26500 followed by 26000.26000-29000 PE liquidated 0.65 Lakh OI so bulls making support in the range of 26000-26500.
- Bank Nifty Futures Trend Deciding level is 27025 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 27330 How to trade Nifty Futures and Bank Nifty Futures as per Trend Cha31388 nger Level .
Buy above 26940 Tgt 27100,27225and 27442 (Bank Nifty Spot Levels)
Sell below 26740 Tgt 26630,26500 and 26250 (Bank Nifty Spot Levels)
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