Bank Nifty Analysis for 27 Jan

As discussed in Last Analysis Now Important level to watch out is 30909 on downside which is again a potential level for 500 points move either side.Bulls need to move above 31320 for a move back to 31472/31625/31786. Bears below 31099 for a move back to 30909/30786/30470. Bank NIfty saw a voaltile move during the day and made a lower low, we will open with gap down tommrow,Important level to watch out is 30909 on downside which is again a potential level for 500 points move either side.Bulls need to move above 31370 for a move back to 31555/31787/31987. Bears below 30900 for a move back to 30620/30500/30225.

Intraday time for reversal can be at 9:38/10:47/11:54/12:40/1:04/2:01 How to Find and Trade Intraday Reversal Times

Bank Nifty Feb Future Open Interest Volume is at 6.5 lakh with liqudiation of 2.1 Lakh, with decrease in Cost of Carry suggesting SHORT positions were added today. Bank nifty Rollover cost @31230 closed below it.

32000 CE is having highest OI @11.7 Lakh resistance at 31500 followed 32000.30000-33000 CE added 18.3 Lakh in OI so bears added position in the zone of 32800-33300.

31000 PE is having highest OI @8.8 Lakh, strong support at 31000 followed by 30500 .31000-32000 PE added 13.2 Lakh OI so bulls making support in the range of 31500-31800.

Bank Nifty Futures Trend Deciding level is 31430 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 32006 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy Above 31250 Tgt 31355,31585 and 31729 (Bank Nifty Spot Levels)