- As discussed in Last Analysis Plan remains the same Bull need to move 30700 for the move continue towards 30960/31104/31392. Bears will get active 30400 for a move back to 30240/30000. 31104 done as High made was 31108 above 30700. Bulls now need to move above 30800 for a move to continue towards 31100/31333/31555. Bears will get active below 30450 for a move back to 30240/30000.11 Very Important time cycle date.
- Intraday time for reversal can be at 9:27/10:49/11:49/12:24/1:57How to Find and Trade Intraday Reversal Times
- Bank Nifty Nov Future Open Interest Volume is at 16.8 lakh with addition of 2.6 Lakh, with decrease in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @29919 closed above it.
- 31000 CE is having highest OI @3.2 Lakh resistance at 31000 followed 31200.30000-32000 CE added 7.5Lakh in OI so bears added position in the zone of 31000-31300.
- 30000 PE is having highest OI @5.3 Lakh, strong support at 30500 followed by 30300.30000-31000 PE added 13.4 Lakh OI so bulls making support in the range of 30300-30500.
- Bank Nifty Futures Trend Deciding level is 30801 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 30471 How to trade Nifty Futures and Bank Nifty Futures as per Trend Cha31388 nger Level .
Buy above 30800 Tgt 30930,31070 and 31200 (Bank Nifty Spot Levels)
Sell below 30666 Tgt 30500,30400 and 30190 (Bank Nifty Spot Levels)
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