Bank Nifty Crashes below 18000,EOD Analysis

•  As discussed in last analysis  We got the big move as per expectation and we did almost 1000 points from 19040. Now Bears need to break 18000 for a move towards 17576/17300/17000. BUlls will get active above 18600 for a move back to 18900/19044/19300. 17300 done below 18000, Bears will get active below 17100  bears can see fall towards 16900/16641/16384. Bulls need to move above 17576 for a move back to 17956/18225/18500.
  

• Intraday time for reversal can be at 10:14/11:16/12:30/1:39/2:32 How to Find and Trade Intraday Reversal Times

• Bank Nifty April Future Open Interest Volume is at 98 lakh with addition of 1 Lakh, with decrease in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @17939 closed above it

• 18500 CE is having highest OI @20  Lakh resistance at 18500 followed 19000.18500-20000 CE added 11 Lakh in OI so bears added position in the zone of 18500-19000.

• 17000 PE is having highest OI @14 Lakh, strong support at 17500 followed by 17000.17000-19000 PE added 13 Lakh OI so bulls making support in the range of 17000-18000.

• Bank Nifty Futures Trend Deciding level is 17473 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 18976 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . 

Buy above 17411 Tgt 17572,17734 and  17900(Bank Nifty Spot Levels)

Sell below 17000 Tgt 16820,16550 and 16390  (Bank Nifty Spot Levels)

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