We are having Few Important aspect tommrow which Involves Mercury,Pluto and Uranus which will have big impact on World Markets.
- Venus YOD Uranus — Key Dates Imp for Global Market
- Mercury Opposition Pluto HELIO — Important Turning Point
For Tommrow First 15 Mins High and Low will guide for the day. Bank NIfty has formed an Outside Bar and Inside Bar pattern suggesting price is stuck in range and we should see a breakout soon and clear trending move.
For Swing Traders Bulls will get active above 39195 for a move towards 39392/39588/39785. Bears will get active below 38999 for a move towards 38802/38606.
All Bearish target are done as per astro aspect now todays High and Low will decide the next move of the Bank Nifty, Bank Nifty has been in sideways move in last 4 trading session so big move is round the corner. Swing Trade plan as below as per Intraday Ratios Indicator
Intraday time for reversal can be at 9:42/10:24/11:12/12:14/2:09/2:51 How to Find and Trade Intraday Reversal Times
Bank Nifty Oct Future Open Interest Volume is at 18.7 lakh with liquidation of 1.6 Lakh contract , with increase in Cost of Carry suggesting short positions were closed today.
Bank Nifty Rollover cost @ 38460 and Rollover is at 76.5 % Closed above it
Bank Nifty as per musical octave trading path can be 38243-39381-40518 take the side and ride the move !!
Maximum Call open interest of 18 lakh contracts was seen at 39000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 12 lakh contracts was seen at 38500 strike, which will act as a crucial Support level.
MAX Pain is at 39000 and PCR @0.90 . PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.
Anyone can become a trader and overcome his or her fears. Provided that people are not clinically ill, they can resolve those fundamental anxieties if they are truly willing to work on themselves.
For Positional Traders Trend Change Level is 38834 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 38797 will act as a Intraday Trend Change Level.