BANKNIFTY
Banknifty showing inverse head and shoulders pattern on 1hr time frame. which is a bullish sign.
1hr candle sustains above 35530 implies the next tragets as 36000 and 36400 on a swing trade basis with SL below 35200
The important levels for tomorrow and the possible targets are marked on the charts on a 15min close basis. price action shows banknifty is bullish.
open interest data shows huge OI at 35500 which is likely to be a trap for the call sellers. 15min close above 35525 as marked can trigger huge short covering at this strike which can propel banknifty higher. on the short side 35000 has huge OI. which is likely to be a support