As Discussed in Last Analysis We have important Astro Events happening on weekend so be cautious in carrying overnight positions in weekend. For Swing traders Bears need to move below 35388 for a move towards 35199/35009/34819. Bulls will get active above 35578 for a move towards 35768/35957. We have take support of gann angle for 2 time in a row, For Swing traders Bears need to move below 35199 for a move towards 35009/34819/34630/34440. Bulls will get active above 35578 for a move towards 35768/35957.
Intraday time for reversal can be at 9:34/11:40/12:20/1:11/2:23 How to Find and Trade Intraday Reversal Times
Bank Nifty March Future Open Interest Volume is at 20.8 lakh with liquidation of 1.5 Lakh contract , with increase in Cost of Carry suggesting SHORT positions were closed today.
The option table data indicates decent support at 35000 and reasonable resistance at 36000.
MAX Pain is at 35500 and PCR @1 Rollover cost @37206 closed below it.
Bayer Rule 6: The price is in bottom when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees and 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, Mercury moving in Aries and Mercury Conjunct Jupiter HELIO. These 4 Astro events are happening on 27 and 28 March suggesting it will be High Energy day and lead to big move in market. First 15 Mins High and Low on Monday will decide the trend for the whole week.
35790 Bank Nfty watch out closely its important Gann TC level 500-600 pt up and down move will be seen. —Now below 35790 we can expect 500 points. — 500 points done below 35790
One Of The Main Reasons So Many Fail When Trading. They Trade Their Emotions And Not Their Trades next week will be high energy week so aviod trading based on emotions. Any close below 35308-35270 will be highly bearish. —Low made was 35203 and saw a decent bounce.
For Positional Traders Trend Change Level is 35224 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 35501 will act as a Intraday Trend Change Level.
Buy Above 35460 Tgt 35689, 35850 and 36000 (Bank Nifty Spot Levels)