Gann and Astro Date Leads to Rally in Bank Nifty

By | October 18, 2022 12:35 am

As discussed in Last analysis 

We opened with a huge gap up and above the levels so no trade got intiated, We have important bayers rule coming on 17 Oct “RULE NO. 38 MERCURY LATITUDE HELIOCENTRIC Some mighty fine tops and bottoms are produced when Mercury in this motion passes the above mentioned degrees 0, 3*21,6*42, and 7*0’”

This rule last few dates were 23-Aug-22 -3.21 02-Oct-22 0 17-Oct-22 7 when Bank Nifty has seen some major moves. For Intraday Traders first 15 mins High and Low will guide and Our Intraday Ratios Indicator will give the levels.

For Swing Traders Bulls will get active above 39418 for a move towards 39614/39810/40006. Bears will get active below 38026 for a move towards 38830/38634/38437.

I have explained the importance of today date and how to find it in below video. Today we have seen both Astro and Gann date combo and big rally in Bank Nifty. Tommrow till we are above 40000 Bulls have upper hand.

For Swing Traders Bulls will get active above 40136 for a move towards 403333/40531/40729. Bears will get active below 39740 for a move towards 39542/39344/39146.

39613 is Gann 50% level which gann has give lot of importance. Break of 39613 we will see a fast rise towards 40170. — Should be done tommrow

Intraday time for reversal can be at 9:50/10:59/11:29/12:03/1:48/2:35 How to Find and Trade Intraday Reversal Times

Bank Nifty Oct Future Open Interest Volume is at 18.2 lakh with liquidation of 0.36 Lakh contract , with increase in Cost of Carry suggesting short positions were closed today.

Bank Nifty Rollover cost @ 38460 and Rollover is at 76.5 % Closed above it

Bank Nifty as per musical octave trading path can be  38243-39381-40518 take the side and ride the move !!

Maximum Call open interest of 38 lakh contracts was seen at 40200 strike, which will act as a crucial resistance level and Maximum PUT open interest of 42 lakh contracts was seen at 39000 strike, which will act as a crucial Support level.

MAX Pain is at 40000 and PCR @0.70 . PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Typical Trader do not accept risk Most traders do trading avoid risk by adding more indicators

For Positional Traders Trend Change Level is 38964 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 39731 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 40100 Tgt 40214, 40444 and 40610 (Bank Nifty Spot Levels)

Sell Below 39800 Tgt 39680, 39560 and 39400 (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.

Leave a Reply