As Discussed in Last Analysis Low made was 35887 so bears unable to break 35802 and bulls above 36066 did 36322 on upside now waiting for 36444/36634. Bank Nifty is near its 200 DMA @ 36426 crucial level to be watched tommrow. Till low of 35887 is held as today Jupiter Square 45 which is a rare aspect as discused in below video Bulls will have upperhand. Bears will get active below 36885 for a move towards 36729/36555. Al Bullish target done and we have seen the impact of Jupiter.Now Bank Nifty will react to results of Kotak and ICICI which came with good set of NUmbers. But lets see how price reacts we have seen many time good results are sold off and Bad results are bought into. For Swing traders bulls nned a move above 36857 for a move towards 37048/37235/37429.Bears will get active below 36476 for a move towards 36285/36200. Astro and Gann helps you to be with the trend as seen in last few days.
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. Important Bayers date on Monday.
Intraday time for reversal can be at 9:55/11/12:49/1:34/2:11 How to Find and Trade Intraday Reversal Times
Bank Nifty May Future Open Interest Volume is at 22 lakh with addition of 0.79 Lakh contract , with decrease in Cost of Carry suggesting Long positions were closed today.
Bank Nifty rollover cost @ 33655 and Rollover @80.2 % Closed above it.
Nifty Future OI has increased by 0.79 L contracts. So, market cycle continues. My observation is – Institutions short – Big Bears Short – Market Falls – Big Bears Cover – Pigs Short -Institutions Cover – Market Rallies for the Pigs to get slaughtered. 🙂
Maximum Call open interest of 11 lakh contracts was seen at 37000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 12 lakh contracts was seen at 36000 strike, which will act as a crucial Support level
MAX Pain is at 36500 and PCR @0.99. PCR below 0.93 and above 1.3 lead to trending moves, and in between leads to range bound markets.
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