- As Discussed in Last Analysis 27565 done now waiting for higher target of 27800/28100. Bears will get active below 27100 for a move back to 26900/26775/26500. 27800 done and we have seen breakout above gann angle, Now bulls need to move above 27830 for the up move to continue towards 28100/28300. Bears will get bearish below 27500 for a move back to 27300/27100.
- Intraday time for reversal can be at 09:45/11:40/12:23/1:46/2:42 How to Find and Trade Intraday Reversal Times
- Bank Nifty Sep Future Open Interest Volume is at 17.2 lakh with addition of 0.50 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @27807 closed below it.
- 28000 CE is having highest OI @4.5 Lakh resistance at 28000 followed 28200. 27000-30000 CE added 0.07 Lakh in OI so bears added position in the zone of 28000-28300.
- 27000 PE is having highest OI @3.2 Lakh, strong support at 27500 followed by 27800.26000-29000 PE added 2 Lakh OI so bulls making support in the range of 27300-27500.
- Bank Nifty Futures Trend Deciding level is 27780 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 27327 How to trade Nifty Futures and Bank Nifty Futures as per Trend Cha31388 nger Level .
Buy above 27830 Tgt 27910,28000 and 28100 (Bank Nifty Spot Levels)
Sell below 27700 Tgt 27610,26500 and 26385 (Bank Nifty Spot Levels)
Upper End of Expiry: 28001
Lower End of Expiry: 27550
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