- As Discussed in Last Analysis It is very interesting to note that FII bought more options than what they sold and we have formed a compression pattern in bank nifty. That is another indication for me that a directional move is round the corner and a move of 500-800 points will be seen in single trading session Now Bulls need to move above 35555 for a move back to 35729/35888/36000. Bears will get active below 35333 for a move towards 35132/35000/34835. Bears got 2 target on downside and we saw the range expansion in bank nifty,Now Bank Nifty Bears need to break 35040 for a move towards 34900/34679/34395. Bulls will get active above 35212 for a move towards 35369/35555
- Intraday time for reversal can be at 10:09/11:12/12:50/2:05 How to Find and Trade Intraday Reversal Times
- Bank Nifty June Future Open Interest Volume is at 17.7 lakh with addition of 0.18 Lakh, with decrease in Cost of Carry suggesting SHORT positions were added today. Bank nifty Rollover cost @34885 closed above it.
- 36000 CE is having highest OI @22.8 Lakh resistance at 36000 followed 36300.35000-36000 CE added 22.6 Lakh in OI so bears added position in the zone of 34500-35000.
- 35000 PE is having highest OI @28.3 Lakh, strong support at 35000 followed by 34500 .34000-35000 PE added 27 Lakh OI so bulls making support in the range of 34000-34500.
- Bank Nifty Futures Trend Deciding level is 35370 (For Intraday Traders). BNF Trend Changer Level (Positional Traders) 35448 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .