HDFC and HDFC Bank Merger Bank Nifty Analysis

By | April 5, 2022 8:24 am

Astro worked perfectly as we got a very good turning point in the market. Now todat we have Mars Saturn Aspect which is again very important for turning point as explained in below video. In the biggest merger in Indian corporate history, the boards of HDFC and HDFC Bank on Monday cleared a $40 billion amalgamation of the parent housing finance company with its banking arm. Now Bulls need to move above 38830 for a move towards 39024/39218 Bears will have chance below 38441 for a move towards 38247/38053/37859.





Intraday time for reversal can be at 9:15/10:34/11:16/12:46/1:37/2:25 How to Find and Trade Intraday Reversal Times

Bank Nifty March  Future Open Interest Volume is at 22.4 lakh with liquidation of  6.2 Lakh contract , with increase in Cost of Carry suggesting  SHORT positions were closed today.

The Option Table data indicates decent support at 38000 and reasonable resistance at 39500. There is total OI of 2.40 Cores on the Call side and 3.57 Cores on the Put side, So, the activity is more on the PUT side, indicating option writers are  in BULLISH zone.

MAX Pain is at 38000 and PCR @0.9 Rollover cost @36128 closed above it and Rollover % @58.8 lowest in last 3 month.

Ego will avoid the pain associated with losing. Strange messages are sent to your brain on behalf of the ego’s position. These little memos from your ego will encourage you to take profits quickly, double up on a bad position, let your losses run, and trade bigger than you should. Control EGO to be profitable in market. 

For Positional Traders Trend Change Level is 37273 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 38346 will act as a Intraday Trend Change Level. 


Buy Above 38830 Tgt 38950, 39045 and 39200 (Bank Nifty Spot Levels)

Sell Below 38495 Tgt 38355, 38215 and 38100 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

Category: Bank Nifty Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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