Bank Nifty 12 Jan Weekly Expiry Analysis

By | January 12, 2023 8:54 am

We have 3 Important Astro event today  as discussed in below video

  • Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes.
  • Venus Square North Node
  • Mars is turning Direct

First 15 mins HIgh and Low based on Intraday Ratio Indicator can guide for the day.

 

For Swing Traders Bulls need to move above 42413 for a move towards 42617/42821/43025. Bears will get active below 42096 for a move towards 41890/41683/41476

Intraday time for reversal can be at 9:33/10:48/11:24/12:27/2:05/2:54 How to Find and Trade Intraday Reversal Times

Bank Nifty Jan Future Open Interest Volume is at 20.6 lakh with liquidation of 1.6 Lakh contract , with increase in Cost of Carry suggesting Long positions were closed today.

Bank Nifty Rollover cost @42890 and Rollover % @80.4 Closed below it,

Bank Nifty Bulls now need to hold  42021 , it has bounced from this last time also.

 

Bank Nifty as per musical octave trading path can be  42170-42582-42996 take the side and ride the move !!

Maximum Call open interest of 25 lakh contracts was seen at 42500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 35 Lakh contracts was seen at 42000 strike, which will act as a crucial Support level.

MAX Pain is at 42300 and PCR @0.90 . Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05. 

One of the reason why beginners trader blow up their trading account and have to leave trading forever is that they are extremely undercapitalized. They are forced out due to market noise

For Positional Traders Trend Change Level is 42902 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 42283 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 42323 Tgt 42456, 42682 and 42888 (Bank Nifty Spot Levels)

Sell Below 42166 Tgt 42023, 41870 and 41666 (Bank Nifty Spot Levels)

Upper End of Expiry : 42583

Lower End of Expiry : 41880

As always I wish you maximum health and trading success

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