Bank Nifty Analysis as Venus Declination at Extreme

As discussed in below Video when Multiple astroevent come we tend to see big move in the market, We had Solar Eclipse, Full Moon and Moon at Perigee and we saw the impact on Bank Nifty with a big fall. Now Till we are below 35937 bears have upper hand and can push index towards 35500/35308/35193. Range of 35193-35212 is very important supprt zone. On Upside Bulls will get active above 35937 for a move towards 36268/36460/36652.We also have important Bayers Rule becoming active today Bayer Rule 31: The trend changes when Venus in declination reached an extreme beyond 23 degrees 26 minutes 51 seconds, so do not be a blind bear be ready for a positon change once price start trading above 35937

Intraday time for reversal can be at 9:18/10:04/11:11/12:55/2:32 How to Find and Trade Intraday Reversal Times

Bank Nifty is back to its 200 DMA @35713, and we will see outcome of RBI Policy tommrow, Sell off before the EVENT is good as even if Policy come neutral we can see sharp and swift short covering rally provided we hold 35500 on closing basis.

Bank Nifty Nov Future Open Interest Volume is at 25.9 lakh with addition of 1.1 Lakh contract , with increase in Cost of Carry suggesting LONG positions were added today.

The Option Table data indicates decent support at 35500 and reasonable resistance at 36300.

Bank Nifty has close above its 100 DMA today @ 36364 now close above 36450 will give a swing target of 37094. — Waiting for 37094 till we are closing above 36450.

For Positional Traders Trend Change Level is 36495 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 36152 will act as a Intraday Trend Change Level.

Buy Above 35830 Tgt 35925, 36020 and 36154 (Bank Nifty Spot Levels)