Bank Nifty Rallies as Astro and Gann Date Combine

As Discussed in Last Analysis Bank Nifty price s holding near the gann angle, Break of 33000 can lead to fast move towards 32500-32000. Price has bounced from gann angle and now till we are holding 33365 bulls have upper hand. For Swing trades BUlls need to move above 33729 for a move towarsd 33910/34091/34273, Bears will get active below 33343 for a move towards 33183/33001. All Bullish target done and now Bulls need to move above 34414 for a move towards 34598/34781/34965. Bears will get active below 34047 for a move towards 33864/33680.

Intraday time for reversal can be at 9:15/10/11:46/12:56/2:12 How to Find and Trade Intraday Reversal Times

Bank Nifty May Future Open Interest Volume is at 27.5 lakh with liquidation of 0.0 Lakh contract , with increase in Cost of Carry suggesting short positions were closed today.

Astro and Gann Date when Combined can lead to Big move in the market have discussed the same in above video. Next IMportant date is 20 May where both Gann and Astro dates are coming.

Maximum Call open interest of 16 lakh contracts was seen at 35000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 21 lakh contracts was seen at 34000 strike, which will act as a crucial Support level

MAX Pain is at 34000 and PCR @0.94 Rollover cost @36221 closed below it and Rollover % @80 highest in last 3 months.

Yesterday we had Lunar Eclipse and today we have Moon at Perigee suggesting another big move can be seen in Bank Nifty.– Worked Perfectly

Every trader comes in thinking they will make money, in fact if they have never traded, they probably have convinced themselves fully. They spend time looking for all the answers in charts but it is in the process. It seems like easy money. It is not easy but it is probably the best way to make money. The best of anything takes more work.

For Positional Traders Trend Change Level is 34868 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 34057 will act as a Intraday Trend Change Level.