Bank Nifty crashes below Gann Number of 27000

• 27000 was an important gann number and break of same saw a big fall in bank nifty towards 26000. Now if we break 26280 bears can fall further till 25920/25560/25200. Bulls have there chances above 26640 for a move back to 26800/27000.

• Intraday time for reversal can be at 9:26/10/11:21/1:54/2:24 How to Find and Trade Intraday Reversal Times

• Bank Nifty March Future Open Interest Volume is at 12.6  lakh with addition of 1.2 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @30428 closed below it.

• 26500 CE is having highest OI @15  Lakh resistance at 26000  followed 26500.25000-27000 CE added 21  Lakh in OI so bears added position in the zone of 26000-27000

• 25000 PE is having highest OI @3Lakh, strong support at 25500 followed by 25000.25000-27000 PE added 16 Lakh OI so bulls making support in the range of 25500-25100..

• Bank Nifty Futures Trend Deciding level is 26543 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 28713 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . 

Buy above 26510 Tgt 26666,26800 and  27001 (Bank Nifty Spot Levels)

Sell below 26300 Tgt 26100,25900 and 25666 (Bank Nifty Spot Levels)

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