Bank Nifty Rallies 600 points as Venus Ingress Shows Impact

By | July 18, 2022 9:53 pm

As Discussed in Last Analysis   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. 35210 done and now waiting for 35575/35729 where we will hit the gann angle. We have Mercury Ingress tommorow so Rally can continue till we are holding 35170. HDFC BANK was down today still bank nifty did a 600 points move. thats how time helps in capturing the right move. 


Intraday time for reversal can be at 10:33/11:34/1/1:27/2:36     How to Find and Trade Intraday Reversal Times

Bank Nifty May Future Open Interest Volume is at 22.5 lakh with addition of 1.6 Lakh contract , with increase in Cost of Carry suggesting  Long positions were added 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.  — 35690 done today waiting for 35999

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. — Price has now closed above 35358  by a whisker waiting for 1000 point rally. 

#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. — Worked Perfectly. Now till above 35170 heading towards 36217.


Maximum Call open interest of 12 lakh contracts was seen at 35500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 18 lakh contracts was seen at 35000 strike, which will act as a crucial Support level

MAX Pain is at 35100 and PCR @0.92 . PCR below 0.93 and above 1.3 lead to trending moves, and in between leads to range bound markets.

To become a successful trader, you will need : 1st discipline 2nd discipline 3rd discipline

For Positional Traders Trend Change Level is 34584 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 35164 will act as a Intraday Trend Change Level. 

Buy Above 35400 Tgt 35555, 35729 and 35900 (Bank Nifty Spot Levels)

Sell Below 35270 Tgt 35181, 35093 and 34981 (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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