Intraday time for reversal can be at 9:15/9:52/11:01/12:14/1:00/2:36 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 17 lakh with liquidation of 2.23 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 28 lakh contracts was seen at 41800 strike, which will act as a crucial resistance level and Maximum PUT open interest of 42 lakh contracts was seen at 41000 strike, which will act as a crucial Support level
MAX Pain is at 41500 and PCR @0.95 . PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.
When we increase the size of our positions, a funny thing happens. We usually begin to lose money. And a lot of it. It all depends on how you increase your size. Weight lifters gradually put more iron on the bar. They donít suddenly go from one hundred to three hundred pounds. They go in small increments. Our minds are very much like muscles. They can handle only a gradual increase in the risk that we assume in the market. Too sudden a shift in risk size disturbs our equilibrium and sense of the marketís ebbs and flows.
For Positional Traders Trend Change Level is 40236 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 41237 will act as a Intraday Trend Change Level.