Bank Nifty Trade Setup For July 11

By | July 9, 2022 11:21 am

As Discussed in Last Analysis   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.We have seen side ways move as next important astro date is on 12-13 July so monday can be also sideways day. For Swing Traders Bulls need to move above 35164 now waiting for target of 35351/35538/35729. Bears will get active below 35074 for a move towards 34886/34698/34511.



Intraday time for reversal can be at 9:28/10:33/11:48/12:09/1:48/2:50  How to Find and Trade Intraday Reversal Times

Bank Nifty May Future Open Interest Volume is at 23.2 lakh with liquidation of 9.2 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 holding 34183

Maximum Call open interest of 18 lakh contracts was seen at 35500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 13 lakh contracts was seen at 34500 strike, which will act as a crucial Support level

MAX Pain is at 35000 and PCR @1.06 . PCR below 0.93 and above 1.3 lead to trending moves, and in between leads to range bound markets.

If a trader is confused about what he is doing, the probable win ratio is zero and he might as well give up trading.

For Positional Traders Trend Change Level is 33997 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 34815 will act as a Intraday Trend Change Level. 

Buy Above 35200 Tgt 35323, 35444 and 35666 (Bank Nifty Spot Levels)

Sell Below 35070 Tgt 34866, 34729 and 34610 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

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