As Discussed in Last Analysis 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. Again a gap up open Now Bulls need a move above 36075 for a move towards 36295/36456/36729. Bears will have chance below 35696 for a move towards 36319/36000.
Intraday time for reversal can be at 9:15/10:31/11:51/12:27/1:54/2:52 How to Find and Trade Intraday Reversal Times
Bank Nifty March Future Open Interest Volume is at 22.3 lakh with liquidation of 1.4 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 35500 and PCR @1 Rollover cost @37206 closed below it.
Remember, the people in pain, will be subjected to more pain during expiry. So, this month, bulls are in pain, and there might be more pain for them around expiry. Last Expiry Happened at 34475 we are trading at 35748 so a move of 1273 points so bulls have upper hand now.
Tommrow is last trading day for the week and we will open 21 march Mercury Conjunct Saturn HELIO is important event so carry position with hedge or aviod taking positions and enjoy the festival with family without stress.
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 34870 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 35708 will act as a Intraday Trend Change Level.
Buy Above 35900 Tgt 36016, 36227 and 36353 (Bank Nifty Spot Levels)