Bank Nifty Formed Perfect Doji at Gann and Astro Date

By | July 16, 2022 5:40 pm

As Discussed in Last Analysis  Weekend we have Double Ingress so aviod carrying overnight positions. 15-18 July are Astro Heavy dates suggesting we can see some positive coming from both Stock and Currency Markets. Bears below 34600 now waiting for 34411/34223/34034.Bulls need to close above 34789 now waiting for target of 34977/35166/35354. For Intraday traders watch for first 15 mins High and Low to take the trades. Bank Nifty Both Bulls and Bears got whipsawed and Bank Nifty formed a perfect Doji at astro and gann date. Now Bulls need to move above 34932 for a move towards 35210/35575/35729. Bears will get active above 34665 for a move towads 34444/34225/34000.


Intraday time for reversal can be at 9:15/10:37/11:32/1/1:31/2:24     How to Find and Trade Intraday Reversal Times

Bank Nifty May Future Open Interest Volume is at 20.5 lakh with liqudiation of 1.9 Lakh contract , with increase in Cost of Carry suggesting  Long positions were closed today.

Bank Nifty rollover cost @ 33655  and Rollover @80.2 % Closed above it.

Bank Nifty Future have 14.7  Lakh OI added in range of 34598-33500 price zone out of today 20  Lakh which is more than 60%  and yesterday we have made low of 34541 suggesting we should see a move towards 35472-35999  by next week based on OI data. 

Range of 35325-35358 should be watched closely. Its Make or break level for 1000 points Move in Bank Nifty. Price closed below 35325 and 900 points done. 

#banknifty 15 Jul is confluence of 2 time cycle as shown below 100% extrension of 25-Oct to 07 Mar and also completing 180 Bars from 25 Oct High sugesting enxt week will be explosive move #gann Above 34932 move towards 35210/35574.


Maximum Call open interest of 22 lakh contracts was seen at 35000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 18 lakh contracts was seen at 34500 strike, which will act as a crucial Support level

MAX Pain is at 35000 and PCR @0.9 . PCR below 0.93 and above 1.3 lead to trending moves, and in between leads to range bound markets.

One of the reason why beginners trader blow up their trading account and have to leave trading forever is that they are extremely undercapitalized. They are forced out due to market noise

For Positional Traders Trend Change Level is 34536 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 34699 will act as a Intraday Trend Change Level. 

Buy Above 34700 Tgt 34816, 34933 and 35214 (Bank Nifty Spot Levels)

Sell Below 34555 Tgt 34444, 34323 and 34125 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

Category: Bank Nifty Bank Nifty Astrology

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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