Will Gann Price Time Squaring lead to Rally in Bank Nifty

• As Discussed in Last Analysis Tommrow Bank NIfty is completing 144 days from 19 April Low so its an important date to be watched out for as 38229 is the level of gann angle support zone, if we touch than and bounce we can see potential gann price time squaring. Bulls need to move above 38809 for a move towards 38935/39100/39236. Bears need to break 38636 for a move towards 38512/38319/38171. Low made today was 38211 which is gann angle support combined with time of 144 days so price and time have balanced ie. price time squaring which leads to price reveral, Holding 38200 we can see reversal above 38420 for a rally towards 38610/38820. Bears will get active below 38101 for a move towards 37900/37666. 

• Intraday time for reversal can be at 10:14/11:16/12:56/2:24  How to Find and Trade Intraday Reversal Times

• Bank Nifty Nov Future Open Interest Volume is at 20.9 lakh with addition of 0.72 Lakh contract , with decrease in Cost of Carry suggesting  SHORT positions were added today. Rollover @ 41030.

• MAX Pain is at 38500 and PCR is in the neutral zone of 1.01

• The Option Table data indicates decent support at 38000 and reasonable resistance at 38800

• For Positional Traders Stay long till we are holding Trend Change Level 38740 on Futures 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 38523 will act as a Intraday Trend Change Level. 

Buy Above 38360 Tgt 38466, 38610 and 38800 (Bank Nifty Spot Levels)

Sell Below 38200 Tgt 38100, 37920 and 37729 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success