Bank Nifty Monthly Expiry Analysis

As Discussed in Last Analysis We have Total Lunar Eclipse suggesting another big move will be seen in next 2 trading sessions. Bulls need a close above 34729 for a move back to 34888/35055/35400. Bears will get active below 34610 for a move back to 34000/34180/34020. Bulls did 1 target on upside and bears got whipsawed,We will see effect of Total Lunar Eclipse tommrow so be ready of explosive expiry. Bears will get active below 34610 for a move back to 34470/34305/34140. Bulls will get active above 34777 for a move back to 34900/35065/35225.

Intraday time for reversal can be at 9:15/10:24/11:43/12:48/1:55/2:31 How to Find and Trade Intraday Reversal Times

Bank Nifty June Future Open Interest Volume is at 11.9 lakh with addition of 5 Lakh, with decrease in Cost of Carry suggesting LONG positions were added today. Bank nifty Rollover cost @33146 closed above it.

35000 CE is having highest OI @19.8 Lakh resistance at 35000 followed 35300.34000-35000 CE added 22.6 Lakh in OI so bears added position in the zone of 34500-35000.

34000 PE is having highest OI @13.3 Lakh, strong support at 34000 followed by 34500 .34000-35000 PE added 16 Lakh OI so bulls making support in the range of 34000-34500.

Bank Nifty Futures Trend Deciding level is 34797 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 34468 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy Above 34700 Tgt 34900,35062and 35225 (Bank Nifty Spot Levels)