Mercury Declination Reaches Maximun:Bank Nifty falls 700 points

By | July 19, 2021 8:20 pm
  • As Discussed in Last Analysis   Bulls failed to move above 36000 and Bears closed below 35805 now waiting for the target of 35693/35480/35334. 19-20 are important astro dates which involves Mercury  so expect big voaltility in the market,on 19 Mercury Declination is at Extreme. ABCD pattern is also active and Bank Nifty unable to close above 35937 which is important gann number .  Bulls will get active above 35937 for a move back to 36145/36412. We saw  the big voaltility due to Mercury as discussed in below video and all bearish target done. Now if we are unable to close above 35350 bears can push bank nifty twoards 34500/34000. Bulls need to move above 35350 for a move back to 35555/35729. Bears will get active below 34885 for a move towards 34666/34422.

  • Bank Nifty July Future Open Interest Volume is at 21.3 lakh with addition of 0.66 Lakh, with increase in Cost of Carry suggesting SHORT positions were added today. Bank nifty Rollover cost @34909  closed above it.
  • 36000 CE is having highest OI @18 Lakh resistance at 36000 followed 36500 . 35000-37000 CE added 15.3 Lakh in OI so bears added position in the zone of 36000-36500.
  • 34500 PE is having highest OI @17.2 Lakh, strong support at 34500 followed by 34000 .34000-35000 PE added 12 Lakh OI so bulls making support in the range of 34500-34000.

Buy Above 35125 Tgt 35216, 35317 and 35555 (Bank Nifty Spot Levels)

Sell Below 34885 Tgt 34808, 34666 and 34444 (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.

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