As Discussed in Last Analysis Bank NIfty continue to Hold its 1×1 angle and formed an Inside Bar pattern on Monthly time frame and also 3 Red candel on Monthly time frame suggesting we can have a volatile March.
Price bounced for 1×1 gann angle now heading higher towards 50% point at 40769. Venus Conjunct Jupiter aspect is happening tommrow so we can see Bumper expiry.
Bank Nifty Formed NR7 pattern today Trade Plan as below 2 targt done waiting for target 3 and 4
Intraday time for reversal can be at 9:18/10:24/12:39/1:43/2:41 How to Find and Trade Intraday Reversal Times
Bank Nifty March Future Open Interest Volume is at 24.7 lakh with liquidation of 0.63 Lakh contract , with decrease in Cost of Carry suggesting Long positions were closed today.
Bank Nifty Rollover cost @40733 and 78.1 % rollover is done.
Price is stuck between 37.5-50-62.5 gann retracement. Price is approching 50% point @40769
Bank Nifty as per musical octave trading path can be 40289-40691-41096 take the side and ride the move !!
Maximum Call open interest of 41 lakh contracts was seen at 41000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 42 Lakh contracts was seen at 40500 strike, which will act as a crucial Support level.
MAX Pain is at 40600 and PCR 0.92 . Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05.
Most of all, you should learn how to be the master of fear! This will make your trading huge improve. It will give you the peace of mind and perseverance you need to to act relaxed in the long term and to be even more successful in the markets want.
For Positional Traders Trend Change Level is 40440 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 40793 act as a Intraday Trend Change Level.
Hi Bramesh,
The timing is given as 9:18/10:24/1:39/1:43/2:41 in the post. Maybe it should be 12:39 instead of 1:39? Since 4 minutes seems too close for two reversals to occur?
ur right