Jupiter Retrograde Lead to 1000+ Points Rally in Bank Nifty

By | July 29, 2022 8:00 am

As Discussed in Last Analysis  Low made was 36248 so bears unable to break 36241 and bulls once above 36626 did 36818 and now waiting for 37011. For Swing traders bulls need a move above 37011 for a move towards 37200/37390 /37581 .Bears will get active below 36629 for a move towards 36439/36248. We have JUpiter Retrograde tommrow so first 15 mins high and low will guide us and also formed Outside Bar pattern suggesting today low is not breached we are heading towards 37263. 37263 done so we were able to capture the full move and on 17 JUne we made low of 32290 and today 29 July we are above 37500 with Fed raising intrest rate and recessioon cry everywhere  time changes quickly in stock market, Now today we have Monthly closing so bulls would like to close above 37559. For Swing traders bulls need a move above 37605 for a move towards 37798/37990.Bears will get active below 37413 for a move towards 37220/37028.


Intraday time for reversal can be at 9:53/10:50/12:42/1:15/1:54     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.. — 37300 done waiting for 37800.

Bank Nifty Aug Future Open Interest Volume is at 18.2 lakh with addition of 5.8 Lakh contract , with decrease in Cost of Carry suggesting  Long positions were added today.

Jupiter Retrograde will end of 23 Novemeber so High 37414 and Low of 37028 will be valid till 23 November, Break of ANy side will lead to minimum 1008 points move.

#banknifty another 1000 move 35170-36217-37263 #octave  Low made today 36250 and good bounce. 37263 done. 


Maximum Call open interest of 10 lakh contracts was seen at 38000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 11lakh contracts was seen at 37000strike, which will act as a crucial Support level

MAX Pain is at 37200 and PCR @0.95. PCR below 0.93 and above 1.3 lead to trending moves, and in between leads to range bound markets.

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For Positional Traders Trend Change Level is 35038 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 36680  will act as a Intraday Trend Change Level. 

Buy Above 37518 Tgt 37666, 37777 and 37888 (Bank Nifty Spot Levels)

Sell Below 37323 Tgt 37221, 37125 and 37000 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

Category: Daily

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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