We had Mercury Ingress today and 2 Lunar Cycle suggesting tommrow again we will see big move and we also have weekly closing. Price is again reacted from 1×1 Gann Angle. Bulls need to move above 34621 for a move towards 34809/34998/35146. Bears will get active below 34245 for a move towards 34057/33869. 35790-35869 is zone of resistance so try to lighten up longs in this zone. Bulls need a move above 35400 for a move towards 35555/35741/35927. Bears below 35183 can see fall towards 34997/34811/34625
Intraday time for reversal can be at 9:20/10:55/11:46/12:20/1:11/2:21 How to Find and Trade Intraday Reversal Times
Bank Nifty March Future Open Interest Volume is at 25.7 lakh with liquidation of 0.26 Lakh contract , with decrease in Cost of Carry suggesting LONG positions were closed today.
The option table data indicates decent support at 35000 and reasonable resistance at 36000.
It was decent rally which caused maximum pain to maximum participants as most retail traders lose money by looking for a trending move in non-trending environments and staying out in trending environments.
MAX Pain is at 35000 and PCR @0.83 Rollover cost @37206 closed below it.
Retail traders lose money by looking for a trending move in non-trending environments and staying out in trending environments
I will not be surprised if we get a ranged movement in the next two days – where option premium gets killed. We are having High Theta Value in most of the Options.
35526 Bank Nfty watch out closely its important Gann TC level 1000 pt up and down move will be seen.
For Positional Traders Trend Change Level is 34769 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 35092 will act as a Intraday Trend Change Level.
Buy Above 35400 Tgt 35526, 35623 and 35777 (Bank Nifty Spot Levels)
very nice analysis sir
THank you sir !!
sir today 10:55 candle not activated for the trade then if next reversal time wll come which one we consider 10:55 or the latest one
till next reversal time we will consider 10:55