Bank Nifty EOD Analysis for 27 April

• As discussed in last analysis Tomorrow important astro date suggesting big move round the corner, Bulls need to move above 20400 for a move back to 20555/20841.Bears need a close below 20040 for a move back to 19900/19790/19683. Bulls need to move above 19950 for a move back to 20164/20321/20555/20841.Bears need a close below 19500 for a move back to 19320/19100/18900.
  

• Intraday time for reversal can be at 10:36/11:47/12:51/2:01 How to Find and Trade Intraday Reversal Times

• Bank Nifty April Future Open Interest Volume is at 12.3 lakh with liquidation of 0.5 Lakh, with decrease in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @17939 closed above it

• 20500 CE is having highest OI @8 Lakh resistance at 20500 followed 20800.19000-21000 CE added 11 Lakh in OI so bears added position in the zone of 20000-20300.

• 19000 PE is having highest OI @12 Lakh, strong support at 19500 followed by 19000.18000-20000 PE added 2 Lakh OI so bulls making support in the range of 19500-19300.

• Bank Nifty Futures Trend Deciding level is 19606 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 19374 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . ;

Buy Above 19690 Tgt 19900,20100 and 20300 (Bank Nifty Spot Levels)

Sell Below 19500 Tgt 19350,19200 and  19000  (Bank Nifty Spot Levels)

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