Mercury Square Jupiter HELIO : Bank Nifty Analysis for 12 Jul

By | July 11, 2022 11:26 pm

As Discussed in Last Analysis   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. Bulls were able to do 2 target on upside, Tommrow we have Moon Declination so watch out first 15 mins High and Low to take trade. Mercury/Jupiter  has big impact on Bank Nifty also tommrow we have Mercury Square Jupiter HELIO aspect. Bulls need to close above 35567 now waiting for target of 1635755/35942/36129. Bears will get active below 35325 for a move towards 35166/34977/34789.

 

 

Intraday time for reversal can be at 9:24/10:43/11:40/12:15/1:53/2:46   How to Find and Trade Intraday Reversal Times

Bank Nifty May Future Open Interest Volume is at 24.2 lakh with addition of 1.62 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.

Range of 35325-35358 should be watched closely. Its Make or break level for 1000 points Move in Bank Nifty.

Above 35550 we can see move towards 35958.

Maximum Call open interest of 28 lakh contracts was seen at 36000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 23 lakh contracts was seen at 35000 strike, which will act as a crucial Support level

MAX Pain is at 35300 and PCR @0.96 . PCR below 0.93 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Another trigger for over trading is the assumption that if you work a lot,you will gets a lot of money. This principle works in our Life in many areas. When it comes to trading, the opposite is usually true -less is more!

For Positional Traders Trend Change Level is 34316 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 35397 will act as a Intraday Trend Change Level. 

Buy Above 35500 Tgt 35673, 35876 and 36000 (Bank Nifty Spot Levels)

Sell Below 35400 Tgt 35275, 35136 and 35000 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

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