Sun Ingress Impact on BANK Nifty

By | January 19, 2022 8:58 am
  • As discussed in last analysis  Bulls were able to do 1 target on upside above 38450 but again failed to close above 38450 and bears were able to close below 38260 now waiting for 38067/37865/37668 till we are below 38377. Bulls need to move above 38450 for a move towards 38555/38800/38982. If we again move above 38450 we will see good rally as price again moving above Mercury Retrograde high lead to big rally as seen in past many times. High made was 38800 so 2 target on upside done and once 38450 was taken up by bulls.We saw impact of Uranus Plannet. I have explained in below video about Uranus impact on long term cycle of market. Today we have Sun Ingress and George Bayer Rule 27 becoming active. Sun Ingress lead to big move in Bank Nifty as explained in below video. Bulls need to move above 38300 for a move towards 38485/38680/38876. Bears will get active below 38067 for a move towards 37870/37672/37475. Also today is important gann date so gann and astro combined leads to explosive move. 

  • Bank Nifty Jan Future Open Interest Volume is at 22.4 lakh with addition of 0.70 Lakh contract , with decrease in Cost of Carry suggesting  LONG positions were closed today.
  • MAX Pain is at 38400  and PCR @0.85. Rollover cost @35213 closed above it. 
  • The Option Table data indicates decent support at 38000 and reasonable resistance at 39000.There is total OI of 2.26 Cores on the Call side and 1.71 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are  in BEARISH zone.
  • Bank Nifty has been up for 9 trading session in a row and 9 is considered very important as part of Gann studies so its time to be cautious on long trade. Revesal will be confirmed when we close below previous day low else we might see time correction in range of 37924-39000. Doji formed still unable to close below previous day low. — Finally Price has closed below Previous day Low suggesting short term top formation and fall can be seen towards 38025/37636 — Low made 38007 before a bounce back Till Bank Nifty is below 38400 Bears have upperhand can push towards 38067/37677.– Again Closed below 38400 on Closing Basis. 
  • On January 18, Uranus,moves direct in the sign of Taurus,ending a five-month retrograde period that began in 20 August 2021. Che In astrology, Uranus is the modern ruler of the most “out-there” also called “Planet of Rebellion”. As Uranus continues its movement through the sign of Taurus, it can bring sudden shifts and events that challenge our collective self-worth, values, and finances. This means: Change is coming.Uranus bring long term trend changes. Last Time Uranus went Retrograde on 20 Aug 2021 Check on Chart of BANK Nifty what happened after 20 Aug 2021.
  • For Positional Traders Trend Change Level is 37591 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 38555 will act as a Intraday Trend Change Level. 

Buy Above 38300 Tgt 38387, 38475  and 38678 (Bank Nifty Spot Levels)

Sell Below 38067 Tgt 37920, 37777 and 37610 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

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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