BANK Nifty crashes below Venus Square Jupiter HELIO Low

By | December 18, 2021 8:44 am
  • As Discussed in Last Analysis  Bank Nifty opened with gap up and once below 36805 did 2 target on downside and we have formed an Outside bar pattern also. Now Bulls need to move above 36777 for a move towards 36958/37148/37339. Bears below 36377 for a move towards 36195/36002. All target done on downside and tommrow we are near 166 days for 29 Jan Bottom and we have important astro event happening on Weekend , 1. RULE NO. 38 MERCURY LATITUDE HELIOCENTRIC Some mighty fine tops and bottoms are produced when Mercury in this motion passes the above mentioned degrees 0, 3*21,6*42, and 7*0’” 2. Venus Retrograde 3. Chiron Ingres 4. Full Moon 5. Moon at Apogee so time to be cautious on short as 5 Astro event happening can lead to strong reversal once price confirmation happens. Bulls need to move above 35729 for a move towards 35912/36100/36289/36477. Bears below 35403 for a move towards 35212/34908.

  • Bank Nifty Nov Future Open Interest Volume is at 26 lakh with addition of 2.7 Lakh contract , with increase in Cost of Carry suggesting  SHORT positions were added today.
  • MAX Pain is at 36000 and PCR @ 1.06
  • The Option Table data indicates decent support at 35300 and reasonable resistance at 36000.There is total OI of 9.7 Cores on the Call side and 4.68 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are  in BEARISH zone.
  • Do not let the extreme volatility fool you. This market is going nowhere – and is completely directionless. Institutions are making good money by writing options on both sides. To illustrate the point – BNF closed @ 35780 on 30th Nov. After 15 days of trading, today BNF has closed at 35749 . A mega fall of 30 points.It looks more like a time correction if you look at big picture. 
  • High made today was 36550 just above  14-Dec (Venus Square Jupiter HELIO) which was 36545 and we saw the big fall. Market came exactly to our level and gave the target. This is how Astro helps in catching big move.
  • For Positional Traders Trend Change Level is 36729 on Futures and go long and short above/below it That will help you stay on the side of Institutions and which has a greater risk-reward ratio. For Intraday Traders 36000 will act as a Intraday Trend Change Level. 

Buy Above 35760 Tgt 35901, 36042 and 36225 (Bank Nifty Spot Levels)

Sell Below 35525 Tgt 35400, 35252 and 35100 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

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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