Bank Nifty crashes as Mercury Ingress Shows Effect

By | April 5, 2021 8:55 pm
  • As Discussed in Last Analysis  We have imporant astro date coming tommrow Mercury Ingress so we should see the effect on Monday. Bulls need to move above 34000 for a move back to 34135/34400/34666. Bears below 33765 can see quick fall towards 33578/33394/33100. All Bearish target done on downside once price traded below 33765, and we saw the impact of Mercury Ingress Bank Nifty crashing 1500 points. Now Bulls need to move above 32910 for a move back to 33013/33225/33474. Bears below 32555 can see quick fall towards 32225/32100/31885.

  • Bank Nifty April Future Open Interest Volume is at 20.2 lakh with liquidation of 0.28 Lakh, with decrease in Cost of Carry suggesting LONG positions were closed today. Bank nifty Rollover cost @33759 closed above it.
  • 34000 CE is having highest OI @16  Lakh resistance at 34000 followed 34500.33000-35000 CE added 24 Lakh in OI so bears added position in the zone of 33500-34000.
  • 32000 PE is having highest OI @14.8 Lakh, strong support at 32000 followed by 31500 .32000-34000 PE added 3.3 Lakh OI so bulls making support in the range of 32000-31500.

Buy Above 32790 Tgt 32900,33013 and 33225 (Bank Nifty Spot Levels)

Sell Below 32555 Tgt 32330,32111 and 32040 (Bank Nifty Spot Levels)

Category: astro nifty technicals

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.

2 thoughts on “Bank Nifty crashes as Mercury Ingress Shows Effect

  1. himanshu mehta


    i am not on any social media.

    how do i know of day’s time reversal ?

    pl give your email id




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