Will Bayers Astro Rule bring Relief Rally in BANK Nifty

As discussed in last analysis Bank Nifty is outperforming Nifty, as Saturn Impact is coming on IT shares. Now as we have Jupiter in oppsition with Moon suggesting we can see small trend reversal and relief rally. Bulls need a move above 37980 for a move towards 38173/38367/38561. Bears will have chance below 37785 for a move towards 37591/37424. Bears got a chance as High made was 37741 near our shorting level of 37785 and all target done on downside. Now we will again see gap down open on Monday 37083-37032 is most important range to be watched out for next 1000+ rally on upside or downside. Bulls need a close above 37083 for a move towards 37248/37443/37636/37831. Bears below 36960 for a move towards 36864/36673/36481. 3 Bayer Rule will become active on 23 Jan so we can see possible trend reversal if 37083 is held.
Bayer Rule 7: There are changes on market when Venus or Mars goes over its Aphelium Perihelium (Geocentric).
Bayer Rule 8: The moves on market (most of all ups) are when Venus goes over its Perihelium (Heliocentric).
Bayer Rule 22: The trend changes if retrograde Mercury passes over the Sun. Sun Conjuct Rx Mer

Intraday time for reversal can be at 9:15/10:20/11:28/12:40/1:19/2:52 How to Find and Trade Intraday Reversal Times

Bank Nifty Jan Future Open Interest Volume is at 16.4 lakh with liquidation of 1.2 Lakh contract , with increase in Cost of Carry suggesting SHORT positions were closed today.

The Option Table data indicates decent support at 37500 and reasonable resistance at 38000 .There is total OI of 2.23 Cores on the Call side and 1.264 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are in BEARISH zone.

Another interesting observation has been the movement of index in the last 30 minutes. The Thursday buying led to a gap down opening today. Looks a repeat might happen on Monday, another buying in last 30 mins and we will again open gap down on Monday.Remember, Institutions have been short from very high levels, 38400 around 14 Jan so a 200-300 point rally they can easily hold which we got in last 30 mins. Further, they will be making money by the written options, and the calls bought. So, do not get into a conclusion that a bottom is in place.

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. — Seeing Good Selling from last 3 days.

For Positional Traders Trend Change Level is 37639 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 37511 will act as a Intraday Trend Change Level.

Buy Above 37485 Tgt 37610, 37729 and 37900 (Bank Nifty Spot Levels)