Bank Nifty crashes 1000 points as Mercury Creates Havoc

As Discussed in Last Analysis We have bounced from PRZ Zone as shown in below ABCD chart we have 3 important astro event happening Lunar Ecplise with Full Moon,Moon at Apogee and Sun Ingress happening suggesting we can see a bounce back in bank nifty above 38025 for a move towards 38416/38683, Bears will have chance below 37748 for a move back to 37636/37400. All Bearish target done as Astro showed its effect as discussed in below video and now today we have touched quaterly pivot og 36655 and 100 DMA also. Also as we have 3 aspect today todays low will be very significant. Bulls need to move above 37235 for a move towards 37448/37666/37831/38025. Bears will get active below 37001 for a move towards 36864/36481/36225.

Intraday time for reversal can be at 10:02/11:21/12:32/2 How to Find and Trade Intraday Reversal Times

We are into relent less selling and 5174 points down on BNF from the top of 41829 on 25 Oct.Bank Nifty is in red in last 9 trading session out of 10 happened first time for 2015.

Bank Nifty Nov Future Open Interest Volume is at 19.6 lakh with liquidation of 0.53 Lakh contract , with increase in Cost of Carry suggesting SHORT positions were closed today.

The Option Table data indicates decent support at 36500 and reasonable resistance at 37500

For Positional Traders Stay short till we are below Trend Change Level 38054 on Futures and go long above it That will help you stay on the side of Institutions and which has a greater risk-reward ratio. For Intraday Traders 37349 will act as a Intraday Trend Change Level.

Buy Above 37235 Tgt 37341, 37448 and 37666 (Bank Nifty Spot Levels)