Bank Nifty Ready for Big Move as per Astro Cycle

By | June 20, 2022 11:27 pm

Bank NIfty has been consolidating in last 2 session with High Intensity Astro Date involving Sun and Moon on 21 we can see big move in Bank Nifty in next 2 trading sessions.For Swing traders Bulls need to move above 32829 for a move towards 33009/33189/33368/33548. Bears will get active below 32563 for a move towards 32381/32200/32018/31837

Intraday time for reversal can be at  9:39/10:21/11:02/12:49/1:10/2:06 How to Find and Trade Intraday Reversal Times

Bank Nifty May Future Open Interest Volume is at 25.9 lakh with liquidation of  0.07 Lakh contract , with increase in Cost of Carry suggesting  Short positions were closed today.

Bank Nifty rollover cost @ 34598 and Rollover @79.5 % Closed below it and got big move on downside.

As per Musical Octave 32768 Bank Nifty can rally towards 33195. Bears below 32263 will have upper hand

Maximum Call open interest of 16 lakh contracts was seen at 33500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 13 lakh contracts was seen at 32500 strike, which will act as a crucial Support level

MAX Pain is at 32700 and PCR @0.87. 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 mind is mischievous and it often is the primary cause of failures.The market is always creating noises and if a trader fails to control his inner noises, how can he listen to what the market is trying to tell him?

For Positional Traders Trend Change Level is 34612 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 32709 will act as a Intraday Trend Change Level. 

Buy Above 32729 Tgt 32920, 33125 and 33333 (Bank Nifty Spot Levels)

Sell Below 32610 Tgt 32485, 32323 and 32180 (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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