Bank Nifty On Life Time High ,EOD Analysis

By | September 15, 2022 8:23 pm

As Discussed in Last Analysis  Astro Worked again as discussed on Twitter first 15 mins High was broken and trend for the day was on upside. Bank Nifty has given the highest daily close today which is a bullish sign, staying with the trend is diffcult as our Monkey Mind will keep searching some reason to Short as its has risen so much but my years of experience says stay with trend and ride till it bends. 

For Swing Traders Bulls need to move above 41493 for a move towards 41694/41894/42008. Bears will get active below 41292 for a move towards 41091/40891/40690.

Bank Nifty did a new Life time high today at 41840 Last one was on 25 Oct 2021 at 41829.

#banknifty did a breakout above #gann angle and came back to retest the angle line today low of 41100-41115 is important for uptrend continuation, We have very important High Intensite Astro date involving North Node which ight cause lot of volatility tommrow so first 15 mins high and low should guide for the day. For Swing Traders Bulls need to move above 41431 for a move towards 41635/41840/42000. Bears will get active below 41022 for a move towards 40817/40612/40408.



Intraday time for reversal can be at 9:36/10:10/11:41/12:38/1:19/2:22 How to Find and Trade Intraday Reversal Times

Bank Nifty rollover cost @ 38918  and Rollover @73.2 % Closed above the rollover level suggesting bias is Bearish.

Bank Nifty Sep Future Open Interest Volume is at 22.2 lakh with liquidation of 0.76 Lakh contract , with decrease in Cost of Carry suggesting  long positions were closed today.

As per Musical Octave 40518 is Pivot Above it rally towards 41724 Below it 39381 . — 41724 done.

Maximum Call open interest of 18 lakh contracts was seen at 41500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 811 lakh contracts was seen at 40500 strike, which will act as a crucial Support level

MAX Pain is at 40500 and PCR @1.01 . PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Trading is as close to being a professional athlete as I can think of. You must be well rested. Your performance changes from day to day. Trading—like sports—is performance based. Traders who trade well, just like athletes who play well, are paid more than they deserve.

For Positional Traders Trend Change Level is 39985 on Futures 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 41458 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 41305 Tgt 41444, 41610 and 41824 (Bank Nifty Spot Levels)

Sell Below 41108 Tgt 40961, 41729 and 40555 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

Category: Bank Nifty

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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