Bank Nifty does Gann Price Time Squaring,Ready for Rally ?

By | April 19, 2022 9:26 pm

As discussed is Last Analysis  Now we have another important bayers rules as discussed in below video and also Sun Ingress combined with gann date suggesting another big move will be seen. For Swing Traders Bulls need to move above 36823 for a move towards 37014/37204/37395. Bears will have chance below 36632 for a move towards 36441/36225/36000. All Bearish target done, we have seen impact of gann date with Astro date. Today was the important gann date as shown below and we have touched the gann angle suggesting we might has done price time squaring, and can see relief rally till we are holding 35937. Bulls need to move above 36494 for a move towards 36684/36874/37063. Bears will get active below 36305 for a move towards 36115/35926/35777.



Intraday time for reversal can be at 9:15/9:45/10:29/1:37/2:47 How to Find and Trade Intraday Reversal Times

Bank Nifty March  Future Open Interest Volume is at 22.2  lakh with liquidation of  0.44 Lakh contract , with increase in Cost of Carry suggesting  SHORT positions were closed today.

36641 important level to watch will give us 500-729 points move. —We got our 729 points move. 

Now watch for 35937 for a move of 729-1008 move.

The Option Table data indicates decent support at 36000 and reasonable resistance at 37000. There is total OI of 4.62 Cores on the Call side and 2.38 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 36700 and PCR @0.92 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. — High made was 37920 and bank nifty turned down.

“The Market Doesn’t Give a Damn What You Think, about your economic or political views. Trade what the market is doing, not what you’d like it to do in your wildest fantasies.”

For Positional Traders Trend Change Level is 37555 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 36792 will act as a Intraday Trend Change Level. 

Buy Above 36402 Tgt 36524, 36729 and 37001 (Bank Nifty Spot Levels)

Sell Below 36300 Tgt 36150, 36001 and 36225 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

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