Autumnal Equinox : Bank Nifty Analysis

By | September 22, 2022 8:48 pm
As Discussed in Last Analysis   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.
High made was 41159 so bears got a chance at 41091 and did 3 target on downside,  Jupiter Saturn Aspect as both are outer plannet take 1-2 days to show its impact. Also tommrow we have Sun Conjunct Retrograde Mercury and Autumnal Equinox
which is again a powerful aspect it happens 6 times in a year and lead to good turning point.
For Swing Traders Bulls will get active above 40762 for a move towards 40962/41163/41364. Bears will get active below 40550 for a move towards 40347/40144/39941.



Intraday time for reversal can be at 9:55/10:38/11:01/12:48/1:20/2:46  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 16  lakh with liquidation of 2.2 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 . — 40518 done.

Maximum Call open interest of 38 lakh contracts was seen at 41000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 42 lakh contracts was seen at 40000 strike, which will act as a crucial Support level

MAX Pain is at 40500 and PCR @0.85 . PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.

New traders often enter trading with beliefs about trading and the markets that simply do not apply to the realities of trading. This is why new traders get into trades and can’t get out or don’t know when to take profits or get out at the bottom and get in at the top of markets.

For Positional Traders Trend Change Level is 40264 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 40800 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 40763  Tgt 40888, 41000 and 41225 (Bank Nifty Spot Levels)

Sell Below 40555 Tgt 40444, 40280 and 40100 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

Category: Bank Nifty Bank Nifty Astrology

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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