- 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.
Today again we have Multiple Declination of Jupiter and Moon and also Mars Declination tommrow as discussed in below video. Multiple Doji are formed in Bank NIfty so should see trending move as Multiple Astro Events are confluencing.
For Swing Traders Bulls need to move above 42151 for a move towards 42355/42560/42764. Bears will get active below 41890 for a move towards 41683/41476
Intraday time for reversal can be at 9:29/10:46/11:16/1:31/2:06/2:52 How to Find and Trade Intraday Reversal Times
Bank Nifty Jan Future Open Interest Volume is at 20.8 lakh with liquidation of 0.17 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 42023 , it has bounced from this last time also.
Maximum Call open interest of 15 lakh contracts was seen at 42500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 25 Lakh contracts was seen at 42000 strike, which will act as a crucial Support level.
MAX Pain is at 42000 and PCR @0.94 . 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 42836 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 42170 will act as a Intraday Trend Change Level.
Intraday Trading Levels
Buy Above 42150 Tgt 42323, 42485 and 42666 (Bank Nifty Spot Levels)
Sell Below 42000 Tgt 41888, 41666 and 41444 (Bank Nifty Spot Levels)
As always I wish you maximum health and trading success