Foreign Institutional Investors (FIIs) exhibited a Bearish stance in the Bank Nifty Index Futures market by Shorting 5499 contracts with a total value of 378 crores. This activity led to a decrease of 2457 contracts in the Net Open Interest.
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 bounced from its gann angle and we saw the imapct of gann and astro cycle as discussed in below video. Till BUlls are holding 45370 price can see rally towards 45800/46187. Bears are having chance below 45110 only.
Bank Nifty Trade Plan for Positional Trade ,Bulls will get active above 45482 for a move towards 45693/45904. Bears will get active below 45270 for a move towards 45061/44850.
Traders may watch out for potential intraday reversals at 10:01,11:29,12:00,2:35 How to Find and Trade Intraday Reversal Times
Bank Nifty Feb Futures Open Interest Volume stood at 33 lakh, liqudiation of 2.2 lakh contracts. Additionally, the decrease in Cost of Carry implies that there was a covering of SHORT positions today.
Bank Nifty Advance Decline Ratio at 11:01 and Bank Nifty Rollover Cost is @45685 closed above 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 45500 strike, followed by the 46000 strike. On the put side, the 45000 strike has the highest OI, followed by the 44500 strike.This indicates that market participants anticipate Bank Nifty to stay within the 45000-46000 range.
The Bank Nifty options chain shows that the maximum pain point is at 45500 and the put-call ratio (PCR) is at 0.92 . 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 45283 . 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 45442 , Which Acts As An Intraday Trend Change Level.
BANK Nifty Intraday Trading Levels
Buy Above 45512 Tgt 45666, 45800 and 45954 (BANK Nifty Spot Levels)
Sell Below 45385 Tgt 45256, 45108 and 45000 (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.