Mars North Node Aspect :Bank Nifty fall 700 Points

By | September 20, 2021 8:31 pm

As Discussed in Last Analysis We got the big move as per expecation and did the all time high above 37007 so astro date worked perfectly once 14 Sep high was taken out as discussed in video. Now Bulls need to move above 37729 for upmove to continue towards 37956/38225. Bears have there chance below 37300 for a move back to 37144/37000.  We saw the impact of Mars Plannet and we saw the big fall in last few days. Till Bank Nifty is below 37335 we can see fall towards 36566.  Fresh Swing Shorts can be taken below 37131 for a move towards 36886/36641/36396. Swing Longs only above 37376 for a move back to 37621/37866/38000.

  • Bank Nifty Sep Future Open Interest Volume is at 19.6 lakh with addition of 2.1 Lakh, with decrease in Cost of Carry suggesting  SHORT positions were added today.
  • We are back to the tricky range of 37085-37249 BNF where Major OI was added in start of the series  so bulls need to protect this range for upmove to come. Any close below 37045 can lead to big fall. 
  • MAX Pain is at 37400 PCR has slightly increased from 0.89 to 0.91 Slightly surprising because with a fall, generally PCR has to decrease suggesting bulls are still not leaving the ground.
  • The Option Table data indicates decent support at 37000 and reasonable resistance at 38000.
  • For Positional Traders Stay long till we are holding Trend Change Level 36745  and stay short below it. That will help you stay on the side of Institutions and which has a greater risk-reward ratio. For Intraday Traders 37527  will act as a Intraday Trend Change Level. 

Buy Above 37250 Tgt 37343, 37435 and 37610 (Bank Nifty Spot Levels)

Sell Below 37025 Tgt 36875, 36729 and 37610 (Bank Nifty Spot Levels)

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