Jupiter Ingress : Has Bank Nifty Formed Short Term Low

By | December 21, 2022 7:59 am

As discussed in Last Analysis

We have Jupiter Ingress today as discussed in below video price has taken support at gann angle and today we have important gann date also so we should see good move in next 2 trading session.

Price saw a similar Price action like last year as both Gann and Astro Date confluenced correction in first half and full recvery in 2 half, Today if price move above 43456-43484 than late shorts which entered yesterday could lead to big short covering. Jupiter has important role to play in Banking and like discuused in below video its leads to big move. Also price has taken support at gann angle for 2 days in row. Also we have Gann Rule In a highly uptrending market weekly low is achieved on Tuesday.

Today we have following Astro Events

  • Sun Ingress
  • Jupiter Square Sun
  • Mercury at Greatest Elong: 20.1°E
  • 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

First 15 mins High and Low will guide for the day for Intraday Traders.


Swing Plan  Based on Atro Date Bulls need to move above 43484 for a move towards 43742/43918/44093 . Bears will get active below 42933 for a move towards 42639/42462/42228.

Intraday time for reversal can be at 9:28/10:21/11:15/12:38/2 How to Find and Trade Intraday Reversal Times

Bank Nifty Dec Future Open Interest Volume is at 25.1 lakh with liquidation of 2.6 Lakh contract , with decrease in Cost of Carry suggesting Short positions were added today.

Bank Nifty Rollover cost @42828 and Rollover % @81.3 Closed above it, Bank NIfty Future is in premium has reduced towards  67 points.

Till Bank Nifty is below 43502 on closing basis  Bears will have upper hand.


Bank Nifty as per musical octave trading path can be  41967-439216-44464  take the side and ride the move !! Corrected from Musical Octave

Maximum Call open interest of 35 lakh contracts was seen at 44000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 50 lakh contracts was seen at 43000 strike, which will act as a crucial Support level.

MAX Pain is at 43500 and PCR @0.90 . Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05. PCR OI closed today at 0.90 as Bank Nifty bounced back from 43000 levels.

Those who rid themselves of their egos are rewarded greatly. They are the superstars of their fields. In the market, rewards come in the form of profits. In the world of art, masterpieces are the results. In sports, the players are all-stars and command enormous salaries. Every pursuit has its own manifestation of victory over the ego.

For Positional Traders Trend Change Level is 43519 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 43266 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 43456 Tgt 43540, 43666 and 43881 (Bank Nifty Spot Levels)

Sell Below 43369 Tgt 43280, 43198 and 42984 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success

Category: Bank Nifty Bank Nifty Astrology

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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