Mars Conjunct Pluto : Bank Nifty 14 Feb Trade Plan

Foreign Institutional Investors (FIIs) exhibited a Bearish stance in the Bank Nifty Index Futures market by Buying 1906 contracts with a total value of 124 crores. This activity led to a increase of 1580 contracts in the Net Open Interest.

As Discussed in Last Analysis

Tommrow we have Mars Ingress, Mars is plannet of Energy it will add energy to the move, Also we have an important Solar Eclipse date so be ready for another voaltile move tommrow. Bank Nifty has closed below its 1×2 gann angle 200 DMA and price has closed below Octave point of 44370 . Fresh shorts below 44680 which is gann Annual trend change level for a move towards 44000.

Bank Nifty was unable to close above 1×2 gann angle and tommrow we have Mars Conjunct Pluto aspect which leads to major trend change and Solar Eclipse date which leads to big move as discussed below.Bulls need to protect 44900 which is 200 DMA after gap down. Bears need to break 44908 for a major down fall towards 44680.

Bank Nifty Trade Plan for Positional Trade ,Bulls will get active above 45320  for a move towards 45534/45748. Bears will get active below 44892 for a move towards 44679/44465.

Traders may watch out for potential intraday reversals at 010:15,11:14,12:08,01:42,02:49 How to Find and Trade Intraday Reversal Times

Bank Nifty Feb  Futures Open Interest Volume stood at 32.1 lakh, with addition of 0.89 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 10:02 and Bank  Nifty Rollover Cost is @45685 closed below it. 

Bank Nifty Gann Monthly  Buy Trade level : 46450 and Gann Monthly  Sell Trade level : 45879 — Closed below it.

Bank Nifty  has closed above its 200 DMA but failed closed 100/50/20 DMA. Trend is Sell on Rise till we close above 45697.

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 44800 strike has the highest OI, followed by the 44500 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 0.87. 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 good trader “Be the Best Listener.” Listen To Market, Experienced Traders. If a losing trade sets you off, then this can affect your trades going forward. And this is dangerous. We call this trading on “tilt.”

For Positional Traders, The Bank Nifty Futures’ Trend Change Level is At 45819. 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 45543, Which Acts As An Intraday Trend Change Level.

 Bank Nifty Expiry Range

Upper End of Expiry : 45372

Lower End of Expiry : 44627

BANK Nifty Intraday Trading Levels

Buy Above 45350 Tgt 45500, 45666 and 45800 (BANK  Nifty Spot Levels)

Sell Below 45225 Tgt 45000, 44800 and 44600  (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.