Now we are near important zone of 38323-38371 which will again lead to 1008 poits move in Bank Nifty, For Swing Traders Bulls will get active above 38263 for a move towards 38457/38652/38846. Bears will get active below 38069 for a move towards 37875/37681. We have SUN Square North Node aspect so we can see voaltile move in Bank Nifty.
Intraday time for reversal can be at 9:15/09:52/11:31/12:22/1:04/2:04 How to Find and Trade Intraday Reversal Times
Bank Nifty Aug Future Open Interest Volume is at 26.4 lakh with addition of 3.1 Lakh contract , with increase in Cost of Carry suggesting Long positions were added today.
Jupiter Retrograde will end of 23 Novemeber so High 37414 and Low of 37028 will be valid till 23 November, Break of ANy side will lead to minimum 1008 points move. — 1008 points done
Maximum Call open interest of 22 lakh contracts was seen at 38500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 23 lakh contracts was seen at 38000 strike, which will act as a crucial Support level
MAX Pain is at 38100 and PCR @0.88. PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.
The mind is mischievous and it often is the primary cause of failures. The market is always creating noises and if a trader fails to control his inner noises, how can he listen to what the market is trying to tell him?