BANK Nifty 19 Jan 2023 Weekly Expiry Analysis

By | January 19, 2023 7:32 am

As Discussed in Last Analysis 

Mercury Retrograde is getting over tommrow its crucial day based on past data as shown and discussed in below video. Bank Nifty will Open gap down Sun is moving in Aquarius , SBI should be on Radar today also Moon at extreme declination so bank nifty should see good move today as per levels give below for both intraday and Swing Levels. Also we have Gann Date today as shown below gann chart. First 15 Mins High and Low will guide.


For Swing Traders Bulls need to move above 42385 for a move towards 42588/42792/42996. — Waiting for 42588/42792/42996

Bears will get active below 41977 for a move towards 41773/41569.

Intraday time for reversal can be at  9:15/10:02/10:55/1:07/2:13/2:45  How to Find and Trade Intraday Reversal Times

Bank Nifty Jan Future Open Interest Volume is at 17.2 lakh with liquidation of 2.9Lakh 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 move above 42558 for move towards 42813


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 455 lakh contracts was seen at 42500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 48 Lakh contracts was seen at 42300 strike, which will act as a crucial Support level.

MAX Pain is at 42400 and PCR @1.05. Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05. 

Do not trade with tiny account, Its better to paper trade and build yourself until there is reasonable amount in your account. The market will wait for you. You want odds to be with you not against you, so be patient with right amount of capital.

For Positional Traders Trend Change Level is 42717 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 42481  will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 42420 Tgt 42555, 43666  and 42814 (Bank Nifty Spot Levels)

Sell Below 42333 Tgt 42200, 42108 and 41941 (Bank Nifty Spot Levels)

Upper End of Expiry : 42819

Lower End of Expiry : 42180

As always I wish you maximum health and trading success

One thought on “BANK Nifty 19 Jan 2023 Weekly Expiry Analysis

Leave a Reply