Bank Nifty Ready for Big Move

As discussed in last analysis Now bulls need to move above 20000 for a move back to 20200/20464/20736. Bears will get active below 19600 for a move towards 19321/19050/18769. 19321 done below 19600 , Now as we have Mercury Ingress today and also near gann angle resistance which generally lead to big move in Index so we should see big move in Next 2 days. bulls need to move above 19600 for a move back to 19887/20100/20324/20555. Bears will get active below 19250 for a move towards 19000/18650.

Intraday time for reversal can be at 10:19/11:13/11:51/1:33/2:20 How to Find and Trade Intraday Reversal Times

Bank Nifty April Future Open Interest Volume is at 10.8 lakh with liquidation of Lakh, with increase in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @17939 closed above it

21000 CE is having highest OI @8 Lakh resistance at 21000 followed 21500.19000-21000 CE added 14 Lakh in OI so bears added position in the zone of 19500-20000.

18000 PE is having highest OI @8 Lakh, strong support at 18500 followed by 18000.17000-19000 PE added 20 Lakh OI so bulls making support in the range of 18000-19000.

Bank Nifty Futures Trend Deciding level is 19478 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 19060 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy above 19555 Tgt 19800,20100 and 20300 (Bank Nifty Spot Levels)