Bank Nifty Analysis as Saturn goes in Opposition

As discussed in last analysis Monday is an important Astro date so we should see a trending move. Bulls need to move above 22000 for a move towards 22170/22370/22500. Bears will get active below 21870 for a move back to 21640/21400. Bank Nifty opened with a gap up, As today is an important Astro Date break of High and low of today will guide us for 350-500 points in bank nifty. Bulls need to move above 22340 for a move back to 22570/22800. Bears will get active below 22110 for a move back to 21870/21640.

Intraday time for reversal can be at 9:23/11:23/12:28/1:01/2:39 How to Find and Trade Intraday Reversal Times

Bank Nifty July Future Open Interest Volume is at 14.9 lakh with addition of 0.27 Lakh, with decrease in Cost of Carry suggesting long positions were added today. Bank nifty Rollover cost @21720 closed above it.

22500 CE is having highest OI @10 Lakh resistance at 22500 followed 23000.20000-23000 CE added 24 Lakh in OI so bears added position in the zone of 21500-22000.

21500 PE is having highest OI @12 Lakh, strong support at 21800 followed by 21500.20000-23000 PE added 24 Lakh OI so bulls making support in the range of 21800-22000.

Bank Nifty Futures Trend Deciding level is 22322 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 21906 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . ;

Buy Above 22400 Tgt 22500,22676 and 22830 (Bank Nifty Spot Levels)