Bank Nifty Analysis as Mercury Change Speed

  • As Discussed in Last Analysis Fresh long should be taken above 30098 for a move towards 30240/30384. All Bullish targets are done, We have important astro event as discussed in below video, I do not want to predict what side the move will be, Historically it leads to chagne in trend as discussed in example below, But as a trade I can never be biased towards the market. Long above 30500 for a move back to 30672/30816/30960. Bearish below 30290 for a move towards 30100/29969.

  • Bank Nifty April Future Open Interest Volume is at 20.8 lakh with addition of 8.9 Lakh, with decrease in Cost of Carry suggesting long positions were closed today. Bank nifty Rollover cost @29967 and rollover @ 65.

Buy above 30500  Tgt 30578 ,30665 and  30810 (Bank Nifty Spot Levels)

Sell below 30280 Tgt 30150,30055 and 29969 (Bank Nifty Spot Levels)

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