Bank Nifty Ready for Big Move as Mars and Mercury Change Sign

By | July 4, 2022 11:08 pm

As Discussed in below video We had Important astro date today and tommrow we have double ingress For Swing Traders  Bulls need to move above 34064 for a move towards 34247/34431/34614. Bears need to move below 33881 for a move towards 33698/33515.

Intraday time for reversal can be at 9:16/10:35/11:47/12:20/1:53/2:20    How to Find and Trade Intraday Reversal Times

Bank Nifty May Future Open Interest Volume is at 25.1 lakh with addition of 0.41 Lakh contract , with increase in Cost of Carry suggesting  Long positions were added today.

Bank Nifty rollover cost @ 33655  and Rollover @80.2 % Closed above it.

As per Musical Octave  Above 33195 Rally towards 34183

Maximum Call open interest of 18 lakh contracts was seen at 4500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 14 lakh contracts was seen at 33500 strike, which will act as a crucial Support level

MAX Pain is at 33700 and PCR @0.88 . PCR below 0.93 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Trading is always a mixture of rational (entry, stops, exit) and emotional action (being stopped out, Dare to re-enter, leave stops untouched, etc.). The challenge in trading is always on the emotional level!

For Positional Traders Trend Change Level is 33594 on Futures and go long and short above/below it That will help you stay on the side of Institutions and which has a greater risk-reward ratio. For Intraday Traders 33835 will act as a Intraday Trend Change Level. 

Buy Above 34000 Tgt 34107, 34274 and 34570 (Bank Nifty Spot Levels)

Sell Below 33876 Tgt 33747, 33644 and 33444 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

Category: Bank Nifty

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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