Bank Nifty is near an Important time cycle based on Astro and Gann Cycle as discussed in below video so for intraday trades tommrow Intraday Ratios Indicator can help. Jupiter and Mercury are also said to have an effect on stock market results.Another geocosmic cycle to consider is the 12-year transit of Jupiter through the signs. It spends approximately one year in each sign in its 12-year orbit around the Sun. The previous studies have shown that intermediate or long-term cycle crests occur when Jupiter does a sign change.
For Swing Traders Bulls will get active above 41426 for a move towards 41831/42034/42236. Bears will get active below 41123 for a move towards 40919/40715/40511.
Intraday time for reversal can be at 9:18/10:430/11:51/12:25/1:14/2:56 How to Find and Trade Intraday Reversal Times
Bank Nifty Nov Future Open Interest Volume is at 16.7 lakh with addition of 5 Lakh contract , with increase in Cost of Carry suggesting Long positions were added today.
Bank Nifty Rollover cost @ 41285 and Rollover is at 70.5 % Closed above it
Bank Nifty as per musical octave trading path can be 40689-41889 -43110 take the side and ride the move !!
Maximum Call open interest of 28 lakh contracts was seen at 41500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 32 lakh contracts was seen at 40500 strike, which will act as a crucial Support level.
MAX Pain is at 41500 and PCR @0.80 . PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.
Trading is a game of math. It is about finding setups that offer you a good risk/reward and pulling the trigger. Thirty–40 percent of these trades will result in a loss. This is the game.
For Positional Traders Trend Change Level is 41659 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 41494 will act as a Intraday Trend Change Level.