Bank Nifty Analysis as Mars Square Neptune

As discussed in last analysis We have important astro date today so break of today high and low will decide the next 500-600 points move in bank nifty.Bulls now need to move above 21151 for a move back to 21316/21608/21900. Bears need to break 20960 for a move back to 20750/20450/20225.Bank Nifty Bulls got whipsawed and Bears did 2 target towards 20450 so Astro was able to give another trade. Mostly 3 target will be done tommrow. We have important Bearish Aspect forming tommrow between Mars and Neptune so another good move should be seen. Bears need to break 20164 for a move back towards 19881/19600. Bulls will get active above 20449 for a move back to 20736/21025.

Intraday time for reversal can be at 9:36/10:51/11:37/12:51/2:14 How to Find and Trade Intraday Reversal Times

Bank Nifty May Future Open Interest Volume is at 16 lakh with liquidation of 1 Lakh, with decrease in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @18001 closed above it

21000 CE is having highest OI @4 Lakh resistance at 21000 followed 21300.19000-22000 CE added 6 Lakh in OI so bears added position in the zone of 21000-21500.

20000 PE is having highest OI @6 Lakh, strong support at 20000 followed by 19800.19000-21000 PE added 4 Lakh OI so bulls making support in the range of 20300-20500.

Bank Nifty Futures Trend Deciding level is 20801 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 20425 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . ;

Buy Above 20450 Tgt 20555,20700 and 20900 (Bank Nifty Spot Levels)