Bank Nifty Cracks 1000 points as Astro and Gann Cycle Combine, Whats the next move ?

By | June 13, 2022 9:30 pm

Price is back to gann angle support zone and we have important astro events Full Moon, Mercury Ingress and Moon at Perigess happening today and tommrow as disussed in below video. For Swing traders Bulls need to move above 33406 for a move towards 33590/33774. Bears will get active below 33222 for a move towards 33038/32865/32671



Intraday time for reversal can be at  10:15/11:02/12:53/1:56/2:33 How to Find and Trade Intraday Reversal Times

Bank Nifty May Future Open Interest Volume is at 26.2 lakh with addition of  3 Lakh contract , with increase in Cost of Carry suggesting  Short positions were added today.

Bank Nifty rollover cost @ 34598 and Rollover @79.5 % Closed below it it.

Below 33195 heading towards 32263 Holding 33195 heading towards 34183/35170 based on Musical Octave Numbers.

Maximum Call open interest of 16 lakh contracts was seen at 34000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 23 lakh contracts was seen at 33000 strike, which will act as a crucial Support level

MAX Pain is at 33800 and PCR @0.85 . 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.

The most common fault in trading is overthinking—dwelling on the past and not keeping to the trading plan. Besides thinking too much, a trader may believe he is always correct and will refuse to accept the reality of the market. Thus, he should make extra effort to understand more of himself and his emotion, so that he will trade better and feel better.

For Positional Traders Trend Change Level is 35200 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 33435 will act as a Intraday Trend Change Level. 

Buy Above 33434 Tgt 33555, 33666 and 33777 (Bank Nifty Spot Levels)

Sell Below 33200 Tgt 33108, 32960 and 32824 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

Category: Bank Nifty Daily

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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