Bank Nifty Analysis for 30- Nov

By | November 29, 2022 8:58 pm

As discussed in Last Analysis

Tommrow Bayrs Rule 9 will come into affect Bayer Rule 9: Big changes on market are when Mercury passes over 19 degrees 36 minutes of Scorpio and Sagittarius,also over 24 degrees 14 minutes of Capricorn. For Intraday traders first 15 mins High and LOw will guide for the day.

Bayers Rule will come into effect from tommrow as discussed in below video, Swing Trade Plan as per Intraday Ratio Indicator is as show below. We have monthly close tommrow so last 45 mins we will see volatlity.

For Swing Trade Bulls need to move above 43300 for a move towards 43500/43620/43739/43820 . Bears will get active below 42937 for a move towards 42737/42617/42499.

Intraday time for reversal can be at 9:20/10:36/11:50/12:39/1:15/1:57 How to Find and Trade Intraday Reversal Times

Bank Nifty Dec Future Open Interest Volume is at 28.3 lakh with addition of 0.18 Lakh contract , with decrease in Cost of Carry suggesting Long positions were added today.

Bank Nifty Rollover cost @42828 and Rollover % @81.3 Closed above it, Bank NIfty Future is in premium has reduced today from 240 points.

We can see a Spike in VIX also so trader can create Long Straddle in Bank Nifty. 43000 CE and PE combined is 355 points only with 2 days left to expiry. Long can be taken in 43000 Long Straddle with a 108 point SL and target of 225/385 points.

Till Bank Nifty is above 42883 on closing basis  Bulls will have upper hand.


Bank Nifty as per musical octave trading path can be  41724-43929-44206  take the side and ride the move !! — 43929 done today.

Maximum Call open interest of 32 lakh contracts was seen at 43500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 34 lakh contracts was seen at 42500 strike, which will act as a crucial Support level.

MAX Pain is at 43000 and PCR @0.88 . PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.

The market will disrespect those who disrespect her. If you are unprepared, you will be punished. If you lack discipline, you will be reprimanded. The market eliminates those unworthy of participation.

For Positional Traders Trend Change Level is 43287 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 43381 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 43120 Tgt 43235, 43417 and 43555 (Bank Nifty Spot Levels)

Sell Below 43000 Tgt 42900, 42777  and 42595 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

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