Pluto Retrograde Impact on Bank Nifty

By | April 28, 2022 10:57 pm

As Discussed in Last Analysis  Price is back to gann angle support and we have two important astro dates tommrow as shown in below video so we can see explosive expiry. Bulls need to move above 36076 for a move towards 36265/36453/36642. Bears will get active below 35888 for a move towards 35699/35511.  Astro Dates worked perfectly and we got explosive expiry, We have Pluto Retrograde and Mercury Ingress tommrow so we can see another big move tommorow. Bulls need to move above 36453 for a move towards 36642/36830/37019. Bears will get active below 36265 for a move towards 36076/35888/35699.

 

Intraday time for reversal can be at 9:54/11:27/1:38/2:14/2:48  How to Find and Trade Intraday Reversal Times

Bank Nifty May Future Open Interest Volume is at 25.1 lakh with addition of  0.44 Lakh contract , with increase in Cost of Carry suggesting  LONG positions were added today.

Now watch for 35937 for a move of 729-1008 move. — Closed above 35937 and made high of 36501. 

The Option Table data indicates decent support at 36000 and reasonable resistance at 37000. There is total OI of 3.62 Cores on the Call side and 4.38 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 36400 and PCR @0.81 Rollover cost @36221 closed above it and Rollover % @80 highest in last 3 months.

36641 is level to be watched tommrow above this we can move towards 37083/37264.

Athletes Commonly Review Tapes Of Their Performances; Chess Players Review Their Games; Professional Models Watch Themselves On Screen To Refine Their Presentation; Military Commanders Lead After-action Reviews Following Missions. Everywhere We See Elite Performance, We See Performers Reviewing Their Work As Part Of Ongoing Learning. The Collection Of Metrics Can Serve A Similar Function For Traders.

For Positional Traders Trend Change Level is 36315 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 36315 will act as a Intraday Trend Change Level. 

Buy Above 36501 Tgt 36631, 36841 and 37000 (Bank Nifty Spot Levels)

Sell Below 36356 Tgt 36226, 36090 and 35824 (Bank Nifty Spot Levels)

 

As always I wish you maximum health and trading success

Category: Bank Nifty

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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