Bank Nifty 10 Nov Weekly Expiry Analysis

By | November 9, 2022 10:05 pm

We have seen Blood Moon Yesterday, Moon Eclipse has a good Impact of BankNIfty and NIfty as discussed in below video.

Lunar eclipses occur when the Moon is on the far side of the Earth from the Sun. Lunar eclipses only occur at a Full Moon event.

We have multiple astro events today so first 15 mins High and Low will decide the trend of the day. Bank Nifty has been moving in gaps and its better to aviod shorting till we do not close below 41425 levels, Use Dips to Buy

Bank Nifty made a fresh all time high today at 41948. Bank Nifty was unable to break first 15 mins High and was range bound throughout the day, Tommrow we have important CPI data in Evening which will decide the trend of Dollar Index and hence world market. They way Crypto’s are crashing it seems Equity is safe heaven now.  With Goverment Selling SUUTI Stake in Axis Bank at 830  via OFS we can see pressure in Bank Nifty.

Bank Nifty Swing Trade Plan based on Todays High and Low.

For Swing Trade Bulls need to move above 41968 for a move towards 42144/42249/42425. Bears will get active below 41646 for a move towards 41470/41365/41261/41084

Intraday time for reversal can be at 9:17/12:21/1:24/2:04  How to Find and Trade Intraday Reversal Times

Bank Nifty Nov Future Open Interest Volume is at 23.9 lakh with addition of 1 Lakh contract , with increase in Cost of Carry suggesting Long positions were added today.

Bank Nifty Rollover cost @ 41285 and Rollover is at 76.5 % Closed above it

Bank Nifty as per musical octave trading path can be  40518-41724-42929  take the side and ride the move !!

Maximum Call open interest of 38 lakh contracts was seen at 42000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 32 lakh contracts was seen at 41500 strike, which will act as a crucial Support level.

MAX Pain is at 42000 and PCR @0.85 . PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Shift from fear of giving back gains and hoping to recover from a losing trade to ‘hoping for more gains on a winning trade and fear of losing more on a losing trade.

For Positional Traders Trend Change Level is 41520 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 41944 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 41865 Tgt 42000, 42225 and 42500 (Bank Nifty Spot Levels)

Sell Below 41666  Tgt 41512, 41385 and 41225 (Bank Nifty Spot Levels)

Upper End of Expiry : 42214

Lower End of Expiry : 41517

As always I wish you maximum health and trading success

Category: Bank Nifty

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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