2017 Guj Election we have seen a massive volatialty at opening gap down and quick reovery. Be prepared for it as Gann told History repeat by itslef. Tommrow we also have New Moon first 15 mins HIgh and low will guide for the day. — First 15 mins high broken and trend was on upside.
Bayer Rule 3: Price goes up when the angle between Mars and Mercury is 161 degrees 21 minutes 18 seconds; Mars must be retrograde. “Bayer Rule 14: VENUS MOVEMENTS IN GEOCENTRIC LONGITUDE USING A UNIT OF 1*9’13”” “RULE NO. 38 MERCURY LATITUDE HELIOCENTRIC Some mighty fine tops and bottoms are produced when Mercury in this motion passes the above mentioned degrees 0, 3*21,6*42, and 7*0’” will come into effect. Aviod carrying overnight position without Hedge today US CPI data so we will see gap up or gapdown on Monday.
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– All Bullish target done.
Fresh Swing Plan Bulls need to move above 43708 for a move towards 43915/44122/44329 . Bears will get active below 43501 for a move towards 43294/43087/42880.
Intraday time for reversal can be at 10:17/10:52/12:58/1:23/2:20 How to Find and Trade Intraday Reversal Times
Bank Nifty Dec Future Open Interest Volume is at 29.5 lakh with addition of 3 Lakh contract , with increase 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 towards 205 points.
Till Bank Nifty is above 43264 on closing basis Bulls will have upper hand.
Maximum Call open interest of 20 lakh contracts was seen at 44000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 16 lakh contracts was seen at 43000 strike, which will act as a crucial Support level.
MAX Pain is at 43600 and PCR @0.98 . PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.
One of the main reason why technical analysis works is that human nature and emotions remain the same irrespective of era one is in. People were greedy and fearful even a hundred years back as much as they are now.
For Positional Traders Trend Change Level is 43372 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 43589 will act as a Intraday Trend Change Level.