07 April Weekly Expiry: How to Trade in BANK Nifty – Trading Tips & Strategy

By | April 7, 2022 8:31 am

 As Discussed in Last Analysis   Till we are holding 37666-37700 range bulls have upper hand and its buy on dips market. For Swing Traders Bulls need to move above 38168 for a move towards 38365/38562/38759. Bears will have chance below 37971 for a move towards 37774/37578/37381.  It was total setiment changed caused by Mars Saturn aspect as Bank Nifty is back to Monday Low. We have gap open between 37200-37500 which can get filled today. For Swing Traders Bulls need to move above 37707 for a move towards 37901/38094/38288 Bears will have chance below 37479 for a move towards 37284/37090/36895.





Intraday time for reversal can be at 9:21/10:32/11:14/12:20/1:29/2:18 How to Find and Trade Intraday Reversal Times

Bank Nifty March  Future Open Interest Volume is at 19.8 lakh with liquidation of  1.3 Lakh contract , with increase in Cost of Carry suggesting  SHORT positions were closed today.

The Option Table data indicates decent support at 37300 and reasonable resistance at 38000. There is total OI of 5.40 Cores on the Call side and 4.57 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are  in BEARISH zone.

MAX Pain is at 376000 and PCR @0.91 Rollover cost @36128 closed above it and Rollover % @58.8 lowest in last 3 month.

06 April was Mars and Saturn Aspect ,High of 38759 and 37935 is valid for whole year Mark in on your charts and take trade on break of High and Low. 

Many people come and go in the market because it is against human nature to adhere to the rules all of the time. They require inhuman self-control. I know of so very few arenas where so much concentration is required and so much is at stake. It really is like being engaged in hand-to-hand combat. Instead of your life, it is your money that’s on the line.

For Positional Traders Trend Change Level is 37605 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 37796 will act as a Intraday Trend Change Level. 

Buy Above 37673 Tgt 37808, 37940 and 38080 (Bank Nifty Spot Levels)

Sell Below 37479 Tgt 37284, 37090  and 36895 (Bank Nifty Spot Levels)

Upper End of Expiry : 37690 

Lower End of Expiry : 36909 

As always I wish you maximum health and trading success

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