Retail Inflation Rises To 6.52% , Bank Nifty Analysis

By | February 13, 2023 8:44 pm

As discussed in below video Mercury Ingress showed its impact first  15 mins low broken and bank nifty showed a decent fall, price is back to 37.5 % in sideways market price oscillates between 37.5-50-62.5 , If BUlls are able to protect 41200 we can see a decent pullback tommrow. 

Bank Nifty Trade Plan as per NR21 Pattern, Bears did 2 target on downside. Bulls have chance only above 41678. Till Price below 41424 Bears have upper hand.


Intraday time for reversal can be at  9:28/11:24/12:29/1:08/2:32 How to Find and Trade Intraday Reversal Times

Bank Nifty Feb Future Open Interest Volume is at 24.5 lakh with addition of 1.99 Lakh contract , with increase in Cost of Carry suggesting Long  positions were added today.

Though FII bought high amount of options in today – The volume is generally on the higher side negating the possibility of sideways movement

Bank Nifty Bulls now need to break 41824-41827 range for an explosive move on Upside. Bears need to make sure 41400 is not broken tommrow.


Bank Nifty as per musical octave trading path can be  41024-41430-41838-42248  take the side and ride the move !!

Maximum Call open interest of 122 lakh contracts was seen at 42000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 17 Lakh contracts was seen at 41000 strike, which will act as a crucial Support level.

MAX Pain is at 41400 and PCR @1.04. Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05. 

It’s not just putting in the hours that will make you successful; it’s the persistent intention to improve by examining your results, tweaking your approach, and making incremental progress.

For Positional Traders Trend Change Level is 41300 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 41421 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 41325  Tgt 41444, 41577 and 41729 (Bank Nifty Spot Levels)

Sell Below 41225 Tgt 41072, 40962 and 40862 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

Category: Bank Nifty

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

Leave a Reply