Bank Nifty 22 Sep Weekly Expiry Analysis

By | September 21, 2022 8:47 pm
As Discussed in Last Analysis  Another gapup open, tommorow we have important Jupiter Saturn Aspect and Bayer Rule 6: The price is in bottom/top when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees as discussed in below video.  First 15 MIns High and Low will guide for the day. FOMC Decision will come on Tommrow Night so carry overnight position with Hedge.For Swing Traders Bulls will get active above 41410 for a move towards 41613/41816/42019. Bears will get active below 41269  for a move towards 40575/40372/40169.
SP500 has rallied each of the four times that the Fed hiked rates this year. On March 16, May 4, June 15 and July 27, the S&P 500 rallied 2.2 per cent, 3 per cent, 1.5 per cent and 2.6 per cent.. As Gann says History Repeat by Itself lets see what happens today..
For Swing Traders Bulls will get active above 41493 for a move towards 41694/41894/42019. Bears will get active below 41091  for a move towards 40891/40690/40489/40288.



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.

Intraday Trading Levels

Buy Above 41323 Tgt 41500, 41666 and 41810 (Bank Nifty Spot Levels)

Sell Below 41180 Tgt 41000, 40894 and 40666 (Bank Nifty Spot Levels)

Upper End of Expiry : 41661

Lower End of Expiry : 40826

As always I wish you maximum health and trading success

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