Bank Nifty Rallies on Jupiter Saturn Aspect

By | July 23, 2022 8:50 pm

As Discussed in Last Analysis Low made was 35887 so bears unable to break 35802 and bulls above 36066 did 36322 on upside now waiting for 36444/36634. Bank Nifty is near its 200 DMA @ 36426 crucial level to be watched tommrow. Till low of 35887 is held as today Jupiter Square 45 which is a rare aspect as discused in below video Bulls will have upperhand. Bears will get active below 36885 for a move towards 36729/36555. Al Bullish target done and we have seen the impact of Jupiter.Now Bank Nifty will react to results of Kotak and ICICI which came with good set of NUmbers. But lets see how price reacts we have seen many time good results are sold off and Bad results are bought into. For Swing traders bulls nned a move above 36857 for a move towards 37048/37235/37429.Bears will get active below 36476 for a move towards 36285/36200. Astro and Gann helps you to be with the trend as seen in last few days. 

Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes. Important Bayers date on Monday.

Intraday time for reversal can be at  9:55/11/12:49/1:34/2:11     How to Find and Trade Intraday Reversal Times

#banknifty is back to 1×4 line last 2 time we have corrected from it 36800-36850 is crucial range Any close above it price is heading towards the next angle marked by green line 4×3 around 37800.. Failure to close above it correction till 35849..

Bank Nifty May Future Open Interest Volume is at 22 lakh with addition of 0.79 Lakh contract , with decrease in Cost of Carry suggesting  Long positions were closed today.

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

Nifty Future OI has increased by 0.79 L contracts. So, market cycle continues. My observation is – Institutions short – Big Bears Short – Market Falls – Big Bears Cover – Pigs Short -Institutions Cover – Market Rallies for the Pigs to get slaughtered. 🙂

#banknifty another 1000 move 35170-36217-37263 #octave


Maximum Call open interest of 11 lakh contracts was seen at 37000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 12 lakh contracts was seen at 36000 strike, which will act as a crucial Support level

MAX Pain is at 36500 and PCR @0.99. PCR below 0.93 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Neuroscience has shown that the brain is most busy making connections between brain cells in the first months and years of life. This means that early childhood events at any point in our lives can also have an impact on our trading behavior.

For Positional Traders Trend Change Level is 34942 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 36621 will act as a Intraday Trend Change Level. 

Buy Above 36850 Tgt 36946, 37080 and 37200 (Bank Nifty Spot Levels)

Sell Below 36550 Tgt 36409, 36225 and 36020 (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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