Bank Nifty Trade Plan for 12 Aug

By | August 12, 2022 8:58 am

As Discussed in Last Analysis We have been long and avioded any shorts in anticiapation, Always try to be Reactive trader rather than being a Predictive trader. For Swing Traders Bulls will get active above 38546 for a move towards 38741/38936/39132. Bears will get active below 38350 for a move towards 38155/38000/37729.  Bank Nifty continue to rally  above its 4×3 gann angle resistance as shown in below chart, We also have FULL MOON Tommrow so watch out for first 15 mins High and low to trade. For Swing Traders Bulls will get active above 38936 for a move towards 39132/39327/39522. Bears will get active below 38741 for a move towards 38546/38350/38155

We have extened Weekend coming up as 15 Aug is trading Holiday,Use this time to Improve your Skill Set and Learn Something New in trading.




Intraday time for reversal can be at 9:15/11:23/12:33/1:14/2:07/2:59  How to Find and Trade Intraday Reversal Times

Bank Nifty rollover cost @ 36814 and Rollover @73.2 % Closed above the rollover level suggesting bias is Bullish

Bank Nifty Aug Future Open Interest Volume is at 29.3 lakh with addition of 2.4 Lakh contract , with increase in Cost of Carry suggesting  Long positions were added today.

Its Basic Human Nature, Markets are up Traders want to Short Market are down traders want to Buy and this particular Emotions are exploited by Smart Money and Current Rally is classic Example,Many traders are losing on their shorts and market keep going up everyday.

#banknifty another 1000 move 35170-36217-37263 #octave  Low made today 36250 and good bounce. 38302 done as of now. 39480-38371-37263 is the levels now


Maximum Call open interest of 10 lakh contracts was seen at 39100 strike, which will act as a crucial resistance level and Maximum PUT open interest of 13 lakh contracts was seen at 38300 strike, which will act as a crucial Support level

MAX Pain is at 38200 and PCR @1.14 . PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.3

Trading is a game of math. It is about finding setups that offer you a good risk/reward and pulling the trigger. Thirty–40 percent of these trades will result in a loss. This is the game.

For Positional Traders Trend Change Level is 37969 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 38867 will act as a Intraday Trend Change Level. 

Buy Above 38936 Tgt 39025, 39150 and 39300 (Bank Nifty Spot Levels)

Sell Below 38790 Tgt 38666, 38525 and 38300 (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.

Leave a Reply