Bank Nifty Trade Plan for 30 June Monthly Expiry

By | June 30, 2022 8:17 am
5 Comments

As Discussed in Last Analysis   Bears got whipsawed today Bulls were able to do 1 target on upside. For Swing traders Bulls need to move above 33777 for a move towards 33962/33147 . Bears will get active below 33408 for a move towards 33223/33038/32854. High made was 33422 so bears got entry and did 1 target on downside. We are back to gann angle support as shown in below chart and today we have weekly, monthly and quarterly expiry so expect decent move in last 1 hour as positions will get settled. For Swing traders Bulls need to move above 33408 for a move towards 33593/33777/33962 . Bears will get active below 33180 for a move towards 33038/32758.

 

Intraday time for reversal can be at 9:37/10:30/11:20/12:29/1:40/2:39   How to Find and Trade Intraday Reversal Times

Bank Nifty May Future Open Interest Volume is at 9 lakh with liquidation of 2.4 Lakh contract , with decrease in Cost of Carry suggesting  Long positions were closed today.

Bank Nifty rollover cost @ 34598 and Rollover @79.5 % Closed below it and got big move on downside.June Series gave big move below 34598

As per Musical Octave Above 33195 Rally towards 34183. High made was 34147 so target almost done. Price back to 33195 so again we will see move toeards 35170 or 32263

Maximum Call open interest of 41 lakh contracts was seen at 33500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 31 lakh contracts was seen at 33000 strike, which will act as a crucial Support level

MAX Pain is at 33400 and PCR @0.88 . PCR below 0.9 and above 1.3 lead to trending moves, and in between leads to range bound markets.

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For Positional Traders Trend Change Level is 34271 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 33301 will act as a Intraday Trend Change Level. 

Buy Above 33312 Tgt 33400, 33530 and 33637 (Bank Nifty Spot Levels)

Sell Below 33162 Tgt 33056, 32924 and 32758 (Bank Nifty Spot Levels)

Upper End of Expiry : 33479

Lower End of Expiry : 32720

As always I wish you maximum health and trading success

5 thoughts on “Bank Nifty Trade Plan for 30 June Monthly Expiry”

  2. Subhra

    Hi can you please tell me the ema used for neural cycles in timing solution..by default i am getting 2,5,10

    Reply ↓

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