Bank Nifty 07 July Weekly Expiry Analysis

By | July 7, 2022 8:44 am

As Discussed in Last Analysis  Today we have Moon Declination so watch for 15 mins high and low to know the trend of the day. Bulls need to move above 33940 for a move towards 34124/34308/34491/34657. Bears need to move below 33729 for a move towards 33626/33535/33444/33353. Moon Declination helped in capturing the perfect move and we will do all target on upside with gap up OPen. Bayers Rule and Double Ingress helped in capturing the perfect move. For Swing traders Bulls need to move above 34575 for a move towards 34758/34942/35125. Bears will get active below 34208 for a move towards 34025/33841/33658.

Intraday time for reversal can be at  9:44/10:37/11:24/12:51/1:20/2:12 How to Find and Trade Intraday Reversal Times

Bank Nifty May Future Open Interest Volume is at 25.9 lakh with addition of 3.79 Lakh contract , with increase in Cost of Carry suggesting  Long positions were added today.

Bank Nifty rollover cost @ 33655  and Rollover @80.2 % Closed above it.

As per Musical Octave  Above 33195 Rally towards 34183. 34183 done now heading towards 35170 till hlding 341803

Maximum Call open interest of 25 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 34500 strike, which will act as a crucial Support level

MAX Pain is at 34200 and PCR @0.93 . PCR below 0.93 and above 1.3 lead to trending moves, and in between leads to range bound markets.

 If your goal is to become an elite trader, then your time is a very valuable commodity. It is the most important commodity that you have. Use it wisely. Act in your self interest. Be focused on all things becoming a better trader.

For Positional Traders Trend Change Level is 33833 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 34240 will act as a Intraday Trend Change Level. 

Buy Above 34536 Tgt 34610, 34729 and 34900 (Bank Nifty Spot Levels)

Sell Below 34186 Tgt 34008, 33836 and 33666 (Bank Nifty Spot Levels)

Upper End of Expiry : 34921

Lower End of Expiry:  34188

As always I wish you maximum health and trading success

Category: Bank NIfty Weekly Expiry

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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