Jupiter Saturn Aspect : Bank Nifty Analysis

By | September 20, 2022 8:11 pm
As Discussed in Last Analysis  Till today low is held Bulls have upper hand.  Tommrow MERCURY EARTH MIN distance suggesting we will see out performance in Nifty as compared to Bank NIfty.For Swing Traders Bulls will get active above 41113 for a move towards 41315/41516/41717/41919. Bears will get active below 40778 for a move towards 40575/40372/40169.
Another gapup open, tommorow we have important Jupiter Saturn Aspect and Bayer Rule 6: The price is in bottom/top when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees as discussed in below video.  First 15 MIns High and Low will guide for the day. FOMC Decision will come on Tommrow Night so carry overnight position with Hedge.
For Swing Traders Bulls will get active above 41410 for a move towards 41613/41816/42019. Bears will get active below 41269  for a move towards 40575/40372/40169.



Intraday time for reversal can be at 9:15/10:09/11:03/12:12/1:00/2:13  How to Find and Trade Intraday Reversal Times

Bank Nifty rollover cost @ 38918  and Rollover @73.2 % Closed above the rollover level suggesting bias is Bearish.

Bank Nifty Sep Future Open Interest Volume is at 19.2 lakh with liquidation of 0.26 Lakh contract , with decrease in Cost of Carry suggesting  long positions were closed today.

As per Musical Octave 40518 is Pivot Above it rally towards 41724 Below it 39381 . — 41724 done.

Maximum Call open interest of 28 lakh contracts was seen at 42000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 32 lakh contracts was seen at 41000 strike, which will act as a crucial Support level

MAX Pain is at 41500 and PCR @0.95 . PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.

The most difficult thing for any trader to do is isolate the emotional part of his thinking and keep it from interfering with his trading. One of the best ways to accomplish this task is to plan and place both the entry point and price objective before you make the trade.

For Positional Traders Trend Change Level is 40180 on Futures 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 41541 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 41500 Tgt 41666, 41848 and 42000 (Bank Nifty Spot Levels)

Sell Below 41440 Tgt 41300, 41125 and 41000 (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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