Bank Nifty Trade Plan for 27 July

By | July 26, 2022 11:49 pm

As Discussed in Last Analysis  We have formed a perfect DOJI on gann angle and gann time cycle date as shown in below video. Tommrow will be very crucial and can see some good move in bank Nifty.For Swing traders bulls nned a move above 36857 for a move towards 37048/37235/37429.Bears will get active below 36655for a move towards 36464/36285/36200. 36464 done and we have formed an evening star pattern For Swing traders bulls need a move above 36626 for a move towards 36818/37011 .Bears will get active below 36241 for a move towards 36049/35856/35664.


Intraday time for reversal can be at  9:47/10:58/11:36/12:47/1:32/2:22     How to Find and Trade Intraday Reversal Times

#banknifty is back to 1×4 line last 2 time we have corrected from it 36800-36850 is crucial range Any close above it price is heading towards the next angle marked by green line 4×3 around 37800.. Failure to close above it correction till 35849..

Bank Nifty May Future Open Interest Volume is at 13.2  lakh with liqudiation of 4.5 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.

#banknifty another 1000 move 35170-36217-37263 #octave


Maximum Call open interest of 63  lakh contracts was seen at 36800 strike, which will act as a crucial resistance level and Maximum PUT open interest of 24 lakh contracts was seen at 36000 strike, which will act as a crucial Support level

MAX Pain is at 36500 and PCR @1. PCR below 0.93 and above 1.3 lead to trending moves, and in between leads to range bound markets.

In trading, the objective is to win swiftly whenever possible. It is all about knowing how to handle the trade in accordance with the trading strategy and time frame.

For Positional Traders Trend Change Level is 35038 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 36680  will act as a Intraday Trend Change Level. 

Buy Above 36444 Tgt 36514, 36666 and 36729 (Bank Nifty Spot Levels)

Sell Below 36323 Tgt 36117, 35901 and 35729 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

Category: Daily

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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