As discussed in Last Analysis High made was 38179 above 38000 and Till 37600-37632 is held bulls are in control we have seen voaltile move today as per astro, For Swing traders bulls need a move above 37987 for a move towards 38180/38374/38567 .Bears will get active below 37794 for a move towards 37600/37407/37225. Bears got whipsawed below 37794, Bulls were able to close above 37987 now waiting for 38180/38374/38567. Low made today was 37692 so bulls are holding range of 37600-37632. Bears will get active below 37794 for a move towards 37600/37407/37225.Tommrow we have Mercury Ingress so first 15 mins High and Low can guide us for the day.
Intraday time for reversal can be at 9:29/10:26/11:39/12:32/1:52/2:46 How to Find and Trade Intraday Reversal Times
Bank Nifty Aug Future Open Interest Volume is at 23.6 lakh with addition of 0.20 Lakh contract , with increase in Cost of Carry suggesting Long positions were added today.
Jupiter Retrograde will end of 23 Novemeber so High 37414 and Low of 37028 will be valid till 23 November, Break of ANy side will lead to minimum 1008 points move.
Maximum Call open interest of 25 lakh contracts was seen at 38300 strike, which will act as a crucial resistance level and Maximum PUT open interest of 29 lakh contracts was seen at 37500 strike, which will act as a crucial Support level
MAX Pain is at 37900 and PCR @0.98. PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.
Profitable trader, must sit and process the data the market offers with an open mind. Too many traders color the data the market offers with their own biases.