Bank Nifty Sep Monthly Expiry Analysis

By | September 29, 2022 12:29 am
Thanks for all your warm wishes, I was some personal work so blog updates will not be regular for next few days till 07 Oct. As and when i will get some bandwidth i will update.
For Astro  and Gann Intraday Timing and Intraday Levels We have created Trading View Indicators you can subscribe and use them.
Jupiter 45 Saturn happened on 21 Sep and that was the top of Bank Nifty and we had a brutal fall in 5 trading session.
Venus is going Ingress tommrow so watch out for first 15 mins High and low to capture the trend on Expiry day. Currency Trades also can see good move on downside We have see How GBPINR moved today.
For Swing Traders Bulls will get active above 38014 for a move towards 38208/38402/38596. Bears will get active below 37820 for a move towards 37626/37444/37225



Intraday time for reversal can be at 9:23/10:44/11:42/12:22/1:14/2:30  How to Find and Trade Intraday Reversal Times

Bank Nifty has seen correction of 4214 points in 9 trading session. We are still trading above 04 Aug low of 37249 RBI day suggesting any positive commetary by RBI can see atleast 2000 points rally in Bank Nifty.

Bank Nifty Oct Future Open Interest Volume is at 15.5 lakh with addition of 6.5 Lakh contract , with increase in Cost of Carry suggesting  long positions were added today.

As per Musical Octave 38243 is Pivot Above it rally towards 39381 Below it 37169 

Maximum Call open interest of 38 lakh contracts was seen at 38000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 42 lakh contracts was seen at 37500 strike, which will act as a crucial Support level

MAX Pain is at 38000 and PCR @0.80 . PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.

The pain of being wrong seems to increase exponentially in relation to the size of the position. If we normally trade one lots and now we are trading twos, the degree of difficulty in acting quickly when we are wrong is not twice but perhaps five times as great. Herein lies the magic that seems to cast its spell on each traderís psyche. The pain to our ego is in proportion to the size of trades. Avoidance of pain is what keeps us from acting fast. Losing that fear is the key to success. We must trust the process.

For Positional Traders Trend Change Level is 38359 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 38080 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 38001 Tgt 38210, 38444 and 38660 (Bank Nifty Spot Levels)

Sell Below 37839 Tgt 37666, 37467 and 37225 (Bank Nifty Spot Levels)

Upper End of Expiry : 38520

Lower End of Expiry : 37639

As always I wish you maximum health and trading success

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