Bank Nifty At Gann Angle As Double Ingress Leads to Rally

By | July 19, 2022 9:00 pm

As Discussed in Last Analysis   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. 35729 done as Mercury Ingress showed its impast as gap down was bought into, now till we are holding today 35485 we are heading towards 35738/35937/36234. Range of 35758-35790 will be a tricky range with lot of supply coming.  Bears will get active below 35480 for a move towards 35297/35110.Price has closed exactly at the gann angle.


Intraday time for reversal can be at 10:54/11:48/12:27/1:39/2:16    How to Find and Trade Intraday Reversal Times

Bank Nifty May Future Open Interest Volume is at 22.8 lakh with addition of 0.27 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 36000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 18 lakh contracts was seen at 35500 strike, which will act as a crucial Support level

MAX Pain is at 35500 and PCR @0.88. PCR below 0.93 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Many traders think that once they recognize and understand something, they can immediately put it into action. Unfortunately, this is very rarely the case. The reason for this is our neural network. You have to reliably repeat a new behavior at least 400 times in a row.

For Positional Traders Trend Change Level is 34655 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 35573

Buy Above 35800 Tgt 35937, 36125 and 36323 (Bank Nifty Spot Levels)

Sell Below 35625 Tgt 35530, 35436 and 35225 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

Category: Bank Nifty Gann Angles

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.

Leave a Reply