Foreign Institutional Investors (FIIs) exhibited a Bearish stance in the Bank Nifty Index Futures market by Buying 53445 contracts with a total value of 3618 crores. This activity led to a increase of 6643 contracts in the Net Open Interest.
Bank NIfty has bounced from its 200 DMA, Today we have Full Moon and Weekly closing and Monthly expiry. We will again see Volatile move due to Lunar cycle. Again watch for first 15 mins HIgh and Low to capture trend for the day, Intraday traders watch out for 12:18 for a trend change.
Lot of Important Astro events are happening between 26-28 Jan, Bank Nifty is near its 200 DMA and Gann Annial Trend Change Level of 44680 and closed below its gann angle also. Break of 44680 can lead to quick fall towards 42875 in Feb Month, BUlls will get chance above 45205 in between 44680-45206 it will remain rangebound with voaltile bias till budget day.
- Bayer Rule 6: The price is in bottom when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees.
- Mercury Conjunct Mars
- SUN Square Jupiter
- Mercury Square North Node
- Venus Extreme Declination
- Uranus Direct
Bank Nifty Trade Plan for Positional Trade ,Bulls will get active above 45059 for a move towards 45272/45485. Bears will get active below 44845 for a move towards 44632/44419.
Traders may watch out for potential intraday reversals at 09:30,11:10,12:03,1:37 How to Find and Trade Intraday Reversal Times
Bank Nifty Feb Futures Open Interest Volume stood at 19.4 lakh, addition of 6.4 lakh contracts. Additionally, the decrease in Cost of Carry implies that there was a addition of SHORT positions today.
Bank Nifty Advance Decline Ratio at 04:08 and Bank Nifty Rollover Cost is @45685 closed below it.
Bank Nifty Gann Annual Trend Change Level : 44680
Bank Nifty has closed bounced from its 200 DMA.
Traders who follow the musical octave trading path may find valuable insights in predicting Bank Nifty’s movements. According to this path, Bank Nifty may follow a path of 43344-44634-45923. This means that traders can take a position and potentially ride the move as Bank Nifty moves through these levels. Of course, it’s important to keep in mind that trading is inherently risky and market movements can be unpredictable. Price is near 47265
According to the Bank Nifty options chain, the call side has the highest open interest (OI) at the 45000 strike, followed by the 45500 strike. On the put side, the 44500 strike has the highest OI, followed by the 44000 strike.This indicates that market participants anticipate Bank Nifty to stay within the 44500-45300 range.
The Bank Nifty options chain shows that the maximum pain point is at 45000 and the put-call ratio (PCR) is at 0.85 . Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound. PCR is on extreme end suggesting we can see sharp reversal .
If you want to be a successful trader going through a loss making period You need to learn the art of losing.If you condition your mind to lose without anxiety without emotional attachment and without desire to get even.. Things will start turning around for you.
For Positional Traders, The Bank Nifty Futures’ Trend Change Level is At 45555. Going Long Or Short Above Or Below This Level Can Help Them Stay On The Same Side As Institutions, With A Higher Risk-reward Ratio. Intraday Traders Can Keep An Eye On 45124, Which Acts As An Intraday Trend Change Level.
BANK Nifty Intraday Trading Levels
Buy Above 44920 Tgt 45125, 45300 and 45555 (BANK Nifty Spot Levels)
Sell Below 44784 Tgt 44610, 44420 and 44300 (BANK Nifty Spot Levels)
Wishing you good health and trading success as always.As always, prioritize your health and trade with caution.
As always, it’s essential to closely monitor market movements and make informed decisions based on a well-thought-out trading plan and risk management strategy. Market conditions can change rapidly, and it’s crucial to be adaptable and cautious in your approach.