Will Mercury Retrograde and Jupiter Ingress Lead to Reversal in Bank Nifty ?

By | May 9, 2022 8:51 pm

As Discussed in Last Analysis  09 May we have 4 Aspect of Marcury with Saturn and Neptune suggesting again High Intensity date. For Swing Traders Bulls need to move above 34723  for a move towards 34909/35094/3529/35465. Bears will get active below 34424 for a move towards 34238/34051/33865. Bears were able to do 1 target on downside. Tommrow we have 2 Important Astro date Jupiter Ingress and Mercury Retrograde so we can see potential reversal in the market. For Swing Traders Bulls need to move above 34479 for a move towards 34664/34848/35032. Bears will get active below 34238 for a move towards 34051/33865/33678. 


Intraday time for reversal can be at 9:15/9:57/12:39/1:37/2:40  How to Find and Trade Intraday Reversal Times

Bank Nifty May Future Open Interest Volume is at 30.1 lakh with addition of  0.65 Lakh contract , with increase in Cost of Carry suggesting  Long  positions were added today.

Now watch for 34500 for a move towards 35118/35574

The option table is undergoing a real transformation – with each day one CE level is targeted with huge volumes of writing and the strike is giving way to much lower strikes.

MAX Pain is at 34500 and PCR @0.95  Rollover cost @36221 closed below it and Rollover % @80 highest in last 3 months.

Bayer Rule 1: The trend changes when Mercury changes its direction.Mercury goes in Retrograde.

Trading is not easy to do, but becoming a trader is easy. There are no obstacles whatsoever to anyone opening a trading account.

For Positional Traders Trend Change Level is 35555 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 34265 will act as a Intraday Trend Change Level. 

Buy Above 34300 Tgt 34444, 34577 and 34729 (Bank Nifty Spot Levels)

Sell Below 34225 Tgt 34100, 33950 and 33800 (Bank Nifty Spot Levels)


As always I wish you maximum health and trading success

Category: Bank Nifty

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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