As Discussed in Last Analysis Gann Rule Worked perfectly as price bounded from gann angle and now we have Uranus Retrograde tommrow and we have discussed the important in below video, For Swing Traders Bulls need to move above 38730 for a move towards 38924/39119/39314. Bears will get active below 38535 for move towards 38340/38145/37950. Bank Nifty did not breach the 15 mins low and once above 38730 did 39119 and today should be able to do 39314. Bulls till above 39120 will target 39314/39509, Today is Monthly expiry so expect big move post 2 PM. Bears will have chance below 38924 for a move towards 38730/38535.
Intraday time for reversal can be at 9:20/10:25/11:11/12:57/2:15/2:54 How to Find and Trade Intraday Reversal Times
Bank Nifty Sep Future Open Interest Volume is at 14.3 lakh with addition of 3.6 Lakh contract , with increase in Cost of Carry suggesting long positions were added today.
As per Musical Octave 38243 is Pivot Above it rally towards 39381 Below it 37169.
Maximum Call open interest of 31 lakh contracts was seen at 39300 strike, which will act as a crucial resistance level and Maximum PUT open interest of 42 lakh contracts was seen at 38800 strike, which will act as a crucial Support level
MAX Pain is at 38800 and PCR @0.63 . PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.3
Trading Profit is the “Hardest” Easiest money made.