Bank Nifty EOD Analysis for 23 Dec

• As discussed in Last Analysis Till we are holding 32100 bank Nifty can rally towards 32351/32461.Bears have there chance below 32041 for a move back to 31887/31710/31621/31532. High made was 32443 almost near our target of 32461, Till we are holding 32200 we can rally till 32500/32768. Bears have there chance below 32150 for a move back to 31968/31887/31710/31621/31532.
  

• Intraday time for reversal can be at 9:53/11:52/12:52/1:22/2 How to Find and Trade Intraday Reversal Times

• Bank Nifty Dec Future Open Interest Volume is at 12.4 lakh with liquidation of 0.07 Lakh, with decrease in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @31829 closed above it.

• 32500 CE is having highest OI @5.4 Lakh resistance at 32500  followed 32800.30000-32000 CE added 5.5 Lakh in OI so bears added position in the zone of 32500-32800.

• 32000 PE is having highest OI @8.7 Lakh, strong support at 32000 followed by 31800.30000-32000 PE added 16 Lakh OI so bulls making support in the range of 32000-32200.

• Bank Nifty Futures Trend Deciding level is 32331 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 31862 How to trade Nifty Futures and Bank Nifty Futures as per Trend Cha31388 nger Level . 

Buy above 32400 Tgt 32485,32585 and  32729  (Bank Nifty Spot Levels)

Sell below 32320 Tgt 32241,32100 and 31999 (Bank Nifty Spot Levels)

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