Bank Nifty Ready for Big Move, 25 June 2024 Trade Plan

By | June 25, 2024 9:07 am

Foreign Institutional Investors (FIIs) exhibited a Bullish stance in the Bank Nifty Index Futures market by Buying 2527 contracts with a total value of 195 crores. This activity led to a increase of 1671 contracts in the Net Open Interest.

As Discuused in Last Analysis

3 DOJI in a row in Bank Nifty and Bank NIfty Unable to close above Mars Ingress High, US and INdia Inflation came down and US Fed will give decision today,  Mercury at Perihelion is happening tommorw so we should see a Trending move in next 2 trading session as Mercury has the most impact on Bank Nifty. First 15 mins High and Low will guide for the day for intraday traders.

Bank nifty for 3 days trading in a range also we had confluence of astro date yesterday as discussed in below video so we can see an explosive move in next 2 trading session with levels as discussed below.

Bank Nifty Trade Plan for Positional Trade ,Bulls will get active above 51789 for a move towards 52013/52238. Bears will get active below 51564 for a move towards 51340/51115

Traders may watch out for potential intraday reversals at 09:15,09:41,10:42,11:52,02:36  How to Find and Trade Intraday Reversal Times

Bank Nifty June Futures Open Interest Volume stood at 18.2 lakh, with liquidation of 2.1 lakh contracts. Additionally, the increase in Cost of Carry implies that there was a covering of SHORT positions today.

Bank Nifty Advance Decline Ratio at 08:04 and Bank  Nifty Rollover Cost is @49365 closed below it.

Bank Nifty Gann Monthly  Trade level :49476 closed above it.

Bank Nifty closed above 20 SMA @48876Trend is Buy on Dips

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 50077-51567-53056. 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.

According to the Bank Nifty options chain, the call side has the highest open interest (OI) at the 51800 strike, followed by the 52000  strike. On the put side, the 51500  strike has the highest OI, followed by the 51000 strike.This indicates that market participants anticipate Bank Nifty to stay within the 51000-52000 range. 

The Bank Nifty options chain shows that the maximum pain point is at 51800 and the put-call ratio (PCR) is at 0.97 . 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 .

You can’t try to be a disciplined trader. You must be a disciplined person to be a disciplined trader. Trading is a reflection of your personal Life. A Trader cannot become a profitable trader until he becomes a more disciplined person.

For Positional Traders, The Bank Nifty Futures’ Trend Change Level is At 51547. 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 51547, Which Acts As An Intraday Trend Change Level.


BANK Nifty Intraday Trading Levels

Buy Above 51700 Tgt 51800, 51945 and 52187 ( BANK Nifty Spot Levels)

Sell Below 51610 Tgt 51480, 51300 and 51108 (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.

Category: Bank Nifty Bank Nifty Astrology

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.

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