Venus Ingress Impact on Bank Nifty

By | November 15, 2022 9:01 pm

Low made 41965 so bulls were able to protect 41818 and closed above 42000 again, VIX has come down significantly so we can see lower voaltile moves for next few days. Bank Nifty has formed an Inside Bar candel today and Sautrn Jupiter coming at 40 degree it take 2-3 days for long term plannet to show impact. 16-17 Mercury and Venus are going in Ingress so can lead to trending move after 2 days.

We got the big move today and bank nifty broke out of Inside Day candel and we will see impact of Venus Ingress tommrow first 15 mins High and Low will guide for the day.  Till we do not close below 42000 Bulls have upper hand.

For Swing Trade Bulls need to move above 42532 for a move towards 42737/42941/43146. Bears will get active below 42122 for a move towards 41918/41725/41521

Intraday time for reversal can be at 9:15/10:29/11:51/12:25/1:05/2:53 How to Find and Trade Intraday Reversal Times

Bank Nifty Nov Future Open Interest Volume is at 24.4 lakh with liquidation of 2.1 Lakh contract , with increase in Cost of Carry suggesting Long positions were closed today.

Bank Nifty Rollover cost @ 41285 and Rollover is at 76.5 % Closed above it

Bank Nifty as per musical octave trading path can be  40518-41724-42929  take the side and ride the move !!

Maximum Call open interest of 42 lakh contracts was seen at 42500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 42 lakh contracts was seen at 42000 strike, which will act as a crucial Support level.

MAX Pain is at 42500 and PCR @0.84 . PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Do not trade with tiny account, Its better to paper trade and build yourself until there is reasonable amount in your account. The market will wait for you. You want odds to be with you not against you, so be patient with right amount of capital.

For Positional Traders Trend Change Level is 41704 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 42362 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 42525 Tgt 42671, 42892 and 43040 (Bank Nifty Spot Levels)

Sell Below 42336 Tgt 42225, 42125 and 41920 (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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