As disussed in Last Analysis We got the big fall today based on Astro events in below video, We have 2 Important Bayers Date and 2 Aspect with North Node suggesting again we will see voaltile move.
Bayer Rule 6: The price is in bottom when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees.
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.
Swing Shorts below 36824 can see fall towards 36630/36435/36241. Long above 37213 can see rally back to 37404/37602. Bayers date showed there impact we saw a big rally in market. This is how Astrology and Gann ANalysis keep you 1 step ahead. Swing Shorts below 37927 can see fall towards 37684/37441. Long above 38258 can see rally back to 38430/38729/39000/39304
Intraday time for reversal can be at 10/11:04/12:12/1:42/2:24 How to Find and Trade Intraday Reversal Times
Bank Nifty Feb Future Open Interest Volume is at 20.8 lakh with addition of 2.3 Lakh contract , with increase in Cost of Carry suggesting SHORT positions were added today.
MAX Pain is at 37900 and PCR @0.84 Rollover cost @37516 closed above it.
It was a complete reversal,A remarkable rally born out of complete bearishness and which changed the complete complexion of the game. We are not out of woods so be ready for volatile move and trade with right position size.
The Option Table data indicates decent support at 37500 and reasonable resistance at 38500.There is total OI of 4.52 Cores on the Call side and 4.21 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are in BEARISH zone.
For Positional Traders Trend Change Level is 38379 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 37439 will act as a Intraday Trend Change Level.
Buy Above 38250 Tgt 38424, 38600 and 38729 (Bank Nifty Spot Levels)