Mercury Retrograde Impact on Bank Nifty

By | December 29, 2022 9:44 pm

Bank Nifty has formed NR7 pattern today with range lowest in last 7 days and tommrow being an important vibration date as disussed below, so we can see the big move.

We have seen impact of Mercury Retrograde and Bayers Rule as discussed in below video, price has also bounced from Gann angle as shown in below chart. We have Weekly/Monthly/Quaterly/Yearly closing tommrow, Price need to close above 43512-43614 range for a Bullish start for 2023.


Bank Nifty Astro Plan based on Intraday Ratio Calculator.  

Price has closed above 43055 now waiting for 43565/43735/43905.

Intraday time for reversal can be at 10:29/11:40/12:45/1:46/2:27 How to Find and Trade Intraday Reversal Times

Bank Nifty Jan Future Open Interest Volume is at 22 lakh with addition of 5.2 Lakh contract , with decrease in Cost of Carry suggesting Long positions were added today.

Bank Nifty Rollover cost @42890 and Rollover % @80.4 Closed above it,

Bank Nifty Bulls now need to Hold 43065 for move towards 44000.


Bank Nifty as per musical octave trading path can be  43216-43663-44052 take the side and ride the move !!

Maximum Call open interest of 15 lakh contracts was seen at 43500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 15 Lakh contracts was seen at 43000 strike, which will act as a crucial Support level.

MAX Pain is at 43500 and PCR @1.10 . Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05. 

 A trading strategy is the same; you need to be faithful to it for it to give back to you.

For Positional Traders Trend Change Level is 43452 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 43039 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 43500 Tgt 43666, 43888 and 44088 (Bank Nifty Spot Levels)

Sell Below 43166 Tgt 43000, 42850 and 42666 (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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