As Discussed in Last Analysis 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. We are up 2000 points once Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes high of 33978 thats how astro works.Bulls were able to close above 35325 now waiting for target of 35482/35668/35854. Bears will get active below 34924 for a move towards 34739/34553.
Intraday time for reversal can be at 9:15/10:39/11:20/12:51/1:46/2:22How to Find and Trade Intraday Reversal Times
Bank Nifty May Future Open Interest Volume is at 24.2 lakh with liquidation of 1.7 Lakh contract , with increase in Cost of Carry suggesting Long positions were closed today.
Bank Nifty rollover cost @ 33655 and Rollover @80.2 % Closed above it.
Range of 35325-35358 should be watched closely. Its Make or break level for 1000 points Move in Bank Nifty.
As per Musical Octave Above 33195 Rally towards 34183. 34183 done now heading towards 35170 till hlding 34183
Maximum Call open interest of 15 lakh contracts was seen at 35300 strike, which will act as a crucial resistance level and Maximum PUT open interest of 11 lakh contracts was seen at 34500 strike, which will act as a crucial Support level
MAX Pain is at 35000 and PCR @0.90 . PCR below 0.93 and above 1.3 lead to trending moves, and in between leads to range bound markets.
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