As Discussed in Last Analysis 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. We have an important astro date tommorow MERCURY LATITUDE HELIOCENTRIC Some mighty fine tops and bottoms are produced when Mercury in this motion passes the above mentioned degrees 0, 3*21,6*42, and 7*0’. First 15 mins High and Low will decide the trend of the day. Bulls need to above 35264 for a move towards 35451/35637/35823. Bears will get active below 35077 for a move back to 34888/34699/34511. Price again got resistance towards Gann Angle more we touch gann angle weaker it wil become.
Intraday time for reversal can be at 9:16/10:34/11:42/12:37/1:31/2:20 How to Find and Trade Intraday Reversal Times
Bank Nifty March Future Open Interest Volume is at 23.7 lakh with liquidation of 1.9 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.
Globe is rallying before the key event of FOMC. Rain might be around. Have a rain coat with you.
MAX Pain is at 35000 and PCR @0.98 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
Today intraday rise was Smart money or Foolish bears – Future will decide.
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 34805 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 35244 will act as a Intraday Trend Change Level.
Buy Above 35183 Tgt 35369, 35555 and 35741 (Bank Nifty Spot Levels)