- As discussed in Last Analysis Bulls need to move above 28260 for a move back to 28450/28680/28829. Bears will get active below 27965 for a move back to 27750/27555. We got the trending move as expected,Now Bulls need to move above 28638 for the up move to continue towards 28836/29000/29200.Bears will get active below 28470 for a move back to 28262/27970.
- Intraday time for reversal can be at 9:46/10:48/11:31/12:34/1:53 How to Find and Trade Intraday Reversal Times
- Bank Nifty Oct Future Open Interest Volume is at 14.57 lakh with liquidation of 0.11 Lakh, with increase in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @30213 closed below it.
- 29000 CE is having highest OI @3.9 Lakh resistance at 29000 followed 29300.28000-31000 CE added 1 Lakh in OI so bears added position in the zone of 28300-28500.
- 28000 PE is having highest OI @5.3 Lakh, strong support at 28200 followed by 28000.27000-30000 PE added 0.61 Lakh OI so bulls making support in the range of 28000-28300.
- Bank Nifty Futures Trend Deciding level is 28505 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 28788 How to trade Nifty Futures and Bank Nifty Futures as per Trend Cha31388 nger Level .
Buy above 28610 Tgt 28776,28980 and 29100 (Bank Nifty Spot Levels)
Sell below 28450 Tgt 28270,28100 and 27970 (Bank Nifty Spot Levels)
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