Bank Nifty Rallies on Bayers Date

By | September 19, 2022 7:34 pm
Bank Nifty formed a double bottom and once first 15 mins high was broken we got a good trend on upside based on astro date, Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes..
Till today low is held Bulls have upper hand.
Tommrow MERCURY EARTH MIN distance suggesting we will see out performance in Nifty as compared to Bank NIfty.
For Swing Traders Bulls will get active above 41113 for a move towards 41315/41516/41717/41919. Bears will get active below 40778 for a move towards 40575/40372/40169.

 

 

Intraday time for reversal can be at 9:20/10:08/11:05/12:49/1:20/2:44 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 21.8 lakh with liquidation of 040Lakh 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 28 lakh contracts was seen at 41500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 22 lakh contracts was seen at 40500 strike, which will act as a crucial Support level

MAX Pain is at 41000 and PCR @0.95 . PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.

You can’t try to be a disciplined trader. You must be a disciplined person to be a disciplined trader. Trading is a reflection of your personal Life. A Trader cannot become a profitable trader until he becomes a more disciplined person.

For Positional Traders Trend Change Level is 40100  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 41007 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 41125 Tgt 41222, 41540 and 41729 (Bank Nifty Spot Levels)

Sell Below 40848 Tgt 40729, 40555 and 40225 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

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