Jupiter Square North Node creaats Havoc for BANK Nifty Bears

By | January 4, 2022 12:39 am
  • Now Set up is ready for a big move in bank nifty in next 2 trading session. Bulls need to move above 35158 for a move back to 35343/35528/34713. Bears will get active below 34973 for a move back to 34788/34603/34418.   Jupiter Square North Node aspect  happened on 03 Jan, Jupiter is ruling plannet of Bank Nifty and North Node generally creates havoc in market and same we saw today with a big rally in Bank nifty. On 04 Jan Jupiter is moving in 01°Pi10′ Zodical Path which is generally having negative bias so we can see some profit booking. Bulls need to move above 36470 for a move towards 36657/36846/37034. Bears below 36280 for a move towards 36092/35903/35715.

  • Bank Nifty Jan Future Open Interest Volume is at 24.2 lakh with addition of 0.78 Lakh contract , with increase in Cost of Carry suggesting  LONG positions were added today.
  • MAX Pain is at 36000 and PCR @ 0.84. Rollover cost @35213 closed above it. 
  • The Option Table data indicates decent support at 36000 and reasonable resistance at 37000.There is total OI of 1.7 Cores on the Call side and 2.4 Cores on the Put side, So, the activity is more on the PUT side, indicating option writers are  in BULLISH zone.
  • December series had a maximum roll-overs of around 16.7 Lakh contracts in last 4 days of trading . The BNF was trading in the range between 34425-35548. Whenever, the price band is approached, expect some violent reactions. — Closed at 35628 and today gave bumper rally. 
  • We will have Weekly,Monthly,Quaterly,Yearly closing tommrow its a rare event , Bank Nifty is  up by just 12.2 % for the whole year. Bulls would like to close in range of 35295-35527 for a good begining in New Year 2022.– Closed at 35481 and today gave bumper rally. 
  • For Positional Traders Trend Change Level is 35654 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 36181 will act as a Intraday Trend Change Level. 

Buy Above 36470 Tgt 36657, 36846 and 37034 (Bank Nifty Spot Levels)

Sell Below 36284 Tgt 36146, 36009 and 35824 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

Category: 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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