Bank Nifty Astro Analysis as Sun Conjunct Mercury

As discussed in last analysis We are seeing a range contraction also tommrow very important Astro date suggesting big move round the corner. Till we are below 21450 bears can push towards 21170/20940/20720. Bulls will get active above 21500 for a move back to 21720/21870/22100.Bank Nifty opened with gap up but unable to do 21720 above 21500 and again closed below 21450.As discussed in below video Bears will active below 21200 for a move towards 21000/20732. Bulls will get active above 21500 for a move back to 21650/21840/22000.

Intraday time for reversal can be at 9:15/10:01/12:22/1:58 How to Find and Trade Intraday Reversal Times

Bank Nifty July Future Open Interest Volume is at 12.5 lakh with addition of 1 Lakh, with increase in Cost of Carry suggesting short positions were added today. Bank nifty Rollover cost @21720 closed below it.

22000 CE is having highest OI @7.3 Lakh resistance at 21600 followed 22000.20000-23000 CE added 10.4 Lakh in OI so bears added position in the zone of 21500-22000.

20500 PE is having highest OI @5 Lakh, strong support at 21000 followed by 20500.20000-23000 PE added 2.2 Lakh OI so bulls making support in the range of 21000-20500.

Bank Nifty Futures Trend Deciding level is 21318 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 21276 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . ;

Buy Above 21430 Tgt 21525,21688 and 21900 (Bank Nifty Spot Levels)