RBI MONETARY POLICY Impact on Bank Nifty

By | December 6, 2022 8:37 pm

As discussed in Last Analysis

Bank Nifty saw a decent decline in intraday and saw a swift recovery also, a typical charecterstic of Neptune plannet (This planet can be tricky and must be watched carefully). Price for 2 day has closed below gann angle. Today Mars is going in extreme declination. Mars Plannet  adds energy to the trading of a stock and generally leads to trending move. 

Below video we have shared the importance of Declination, Today we have Mars which is very important. Try to take after RBI Policy is done. We will either see 25 or 35 BPS hike but commetary of governor will be very important. Intraday traders can follow the Square number level shared in the below video.

For Swing Trade Bulls need to move above 43328 for a move towards 43471/43557/43701 . Bears will get active below 43054 for a move towards 42910/42824/42739/43594

Intraday time for reversal can be at 10:17/11:24/12:35/1:30/2:50 How to Find and Trade Intraday Reversal Times

Bank Nifty Dec Future Open Interest Volume is at 26.8 lakh with liquiation of 2.3 Lakh contract , with increase in Cost of Carry suggesting short positions were added today.

Bank Nifty Rollover cost @42828 and Rollover % @81.3 Closed above it, Bank NIfty Future is in premium has reduced towards  205 points.

Till Bank Nifty is above 43145 on closing basis  Bulls will have upper hand. Bank NIfty closed at 43138 crucial day ahead.


Bank Nifty as per musical octave trading path can be  41724-43929-44206  take the side and ride the move !! Multiple SUpport taken at 43929 and bounceback.

Maximum Call open interest of 30 lakh contracts was seen at 43500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 36 lakh contracts was seen at 43000 strike, which will act as a crucial Support level.

MAX Pain is at 43300 and PCR @0.88 . PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.

If you don’t trust the system while you’re in a trade, you’ll become impatient. Impatience makes you exit too soon – afraid that profits will dissipate – or too late, because you don’t want to take a loss.

For Positional Traders Trend Change Level is 43351  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 43447 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 43190  Tgt 43275, 43404 and 43512 (Bank Nifty Spot Levels)

Sell Below 43040 Tgt 42943, 42810 and 42666 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

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