Will Mars Square Neptune Aspect create Problem for Bank Nifty Bulls ?

As discussed in last analysis Gap up open but Bulls were able to enter at 37539 after intraday correction and did 2 target on upside. TIll we are holding 37636 rally can extend towards 37911/38104/38201. Bears will get active below 37549 for a move towards 37353/37158/36963. All Bullish target done as discussed in below video today High and low will be very important for the whole week, Tommrow as Mars Square Neptune Mars creates lot of volatality in the market so time to be bit cautious. Bulls need to move above 38400 for a move towards 38522/38696/38800. Bears will get active below 38920 for a move back to 37754/37580.

Intraday time for reversal can be at 9:46/10:45/12:35/1:23/2:25 How to Find and Trade Intraday Reversal Times

Bank Nifty Jan Future Open Interest Volume is at 24.2 lakh with addition of 1.78 Lakh contract , with increase in Cost of Carry suggesting LONG positions were added today.

The Option Table data indicates decent support at 38000 and reasonable resistance at 39000.There is total OI of 1.93 Cores on the Call side and 2.15 Cores on the Put side, So, the activity is more on the PUT side, indicating option writers are in BULLISH zone.

What we have yesterday is a hollow correction. The volumes are not great – either in the FnO segment or in the equity segment.There are two ways of looking at this – We can consider the correction to be an attempt to flush out weak longs. Alternatively, we can consider this to be just teaser. — Perfect Volatile session new trend should emerge from Monday. Got the trending move as per expectation.

2 Important Bayers Rules are becoming active today and tommorow Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes and Bayer Rule 19: We have tops when Venus in geocentric position passes the conjunction with the Sun. SUN Conju Venus . 37924 on Upside and 37109 on downside break any side will lead to 1000 point move in Bank Nifty. Low made today was 37929 and we are up 500 points in single day. Till 37924 not broken no point in going short, Its Buy on Dip market.

For Positional Traders Trend Change Level is 36881 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 38293 will act as a Intraday Trend Change Level.