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 irst 15 mins High and Low will decide the trend of the day. Nifty has been moving in gaps and its better to aviod shorting till we do not close below 41425 levels, Use Dips tp Buy
For Swing Trade Bulls need to move above 41850 for a move towards 42031/42233/42435. Bears will get active below 41425 for a move towards 41223/41021/40819.
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Intraday time for reversal can be at 9:21/10:15/11:48/12:35/1:23/2:15 How to Find and Trade Intraday Reversal Times
Bank Nifty Nov Future Open Interest Volume is at 22.9 lakh with addition of 2.1 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 28 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 41200 strike, which will act as a crucial Support level.
MAX Pain is at 42000 and PCR @0.81 . 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 41467 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 41730 will act as a Intraday Trend Change Level.