Bank Nifty May Monthly Expiry Trade Plan using Gann and Astro Techniques

By | May 25, 2022 8:24 pm

As Discussed in Last Analysis    It was a day of whipsaw still bulls were able to do 1 target on upside.Tommrow we have Jupiter Declination and we will see good trending move in bank nifty in coming 2 trading sessions. Now for Swing Traders Longs above 34260 for a move towards 34446/34633/34819. Bears will get active below 34073 for a move towards 33886/33700/33513. Bank Nifty opened with gap up and did not came near our entry point. Now tommrow we will see impact of Jupiter and also we are completing 144 trading days from 25 Oct 2021 on Bank Nifty so as both gann and astro dates are coming together we should see a good move in the market, Swing Traders Longs above 34446 for a move towards 34633/34819. Bears will get active below 34260 for a move towards 34073/33886/33700/33513.

Intraday time for reversal can be at  9:55/11:16/12:55/1:40/2:27 How to Find and Trade Intraday Reversal Times

Bank Nifty May Future Open Interest Volume is at 14.4 lakh with liquidation of  6.4 Lakh contract , with decrease in Cost of Carry suggesting  Long positions were closed today.

Maximum Call open interest of 25 lakh contracts was seen at 34500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 25 lakh contracts was seen at 34000 strike, which will act as a crucial Support level

MAX Pain is at 34400 and PCR @1.02. PCR below 0.9 and above 1.3 lead to trending moves, and in between leads to range bound markets. So, after all the mayhem, we are probably returning to sanity is what is indicated by the rising PCR.

Tommrow we have Jupiter and Moon Declination it leads to Major Tunring Point in Banks and Financials and Oil and Gas Stocks. — We saw Good Move in Bank Nifty

So many traders search for a “holy grail” of trading methods: this plus this plus that will produce a particular return every time, in every situation. These traders will never find such a method—because it doesn’t exist.A system of trading is not “the” puzzle; it is a piece of the puzzle. The answer is in matching systems with seasons.

For Positional Traders Trend Change Level is 34651 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 34503 will act as a Intraday Trend Change Level. 

Buy Above 34400 Tgt 34504, 34612 and 34793 (Bank Nifty Spot Levels)

Sell Below 34300 Tgt 34176, 34012 and 33800 (Bank Nifty Spot Levels)

Upper End of Expiry : 34793

Lower End of Expiry : 33885

As always I wish you maximum health and trading success

2 thoughts on “Bank Nifty May Monthly Expiry Trade Plan using Gann and Astro Techniques

  1. ssudhirsharma

    Bramesh ji, first time i am seeing different intraday reversal times for nifty and banknifty, usually both are same. Hope there is no error. Bnf reversal time mentioned are 9:55/11:16/12:55/1:40/2:27, in nifty 10:03/11:20/12:35/2:12/2:53. Pls check thanks

    Reply

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