As Discussed in Last Analysis Bulls were able to do 2 target on upside and now waiting for 33917/34097 which should be done on gap up on Monday. Astro again helped us in capturing the big move on upside. Next important date is on 28 June/30 June which we wil discuss in coming article. For Swing traders Bulls need to move above 33939 for a move towards 34121/34304/34487 . Bears will get active below 33590 for a move towards 33406/33222/33038. Bank Nifty did all targt on upside and Now we have Neptune Retrograde /New Moon and Moon Declination today suggesting important Astro High Intensity date. Today first 15 mins High and Low will decide the trend for the day.For Swing traders Bulls need to move above 33939 for a move towards 34121/34304/34487 . Bears will get active below 33729 for a move towards 33573/33390/33125
Intraday time for reversal can be at 9:15/10:28/11:59/1:33/2/2:47 How to Find and Trade Intraday Reversal Times
Bank Nifty May Future Open Interest Volume is at 14.9 lakh with liquidation of 5 Lakh contract , with decrease in Cost of Carry suggesting Long positions were added today.
Bank Nifty rollover cost @ 34598 and Rollover @79.5 % Closed below it and got big move on downside.
As per Musical Octave Above 33195 Rally towards 34183. High made was 34147 so target almost done.
Maximum Call open interest of 31 lakh contracts was seen at 34000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 21 lakh contracts was seen at 33500 strike, which will act as a crucial Support level
MAX Pain is at 33800 and PCR @1.01 . PCR below 0.9 and above 1.3 lead to trending moves, and in between leads to range bound markets. So, after all the mayhem, we are probably returning to sanity is what is indicated by the rising PCR.
Market makes all the decisions. Our only decision is to listen, feel, and respond to the market is siren. Always and without exception. Remember, the market never lies. It is only we who lie to ourselves.