Mercury Retrograde Effect on BANK Nifty

By | January 18, 2023 12:18 am

As Discussed in Last Analysis 

“Bayer Rule 15: VENUS HELIOCENTRIC LATITUDE AT EXTREME AND LEAST SPEEDS FOR MAJOR MOVES Imp Rule” will come inffect today,watch for first 15 mins High and Low to trade for intraday

Mercury Retrograde is getting over tommrow its crucial day based on past data as shown and discussed in below video.


For Swing Traders Bulls need to move above 42385 for a move towards 42588/42792/42996. Bears will get active below 41977 for a move towards 41773/41569.

Intraday time for reversal can be at  9:15/10:59/11:22/1:11/2:12/2:39  How to Find and Trade Intraday Reversal Times

Bank Nifty Jan Future Open Interest Volume is at 20.2 lakh with liquidation of 1.1 Lakh contract , with increase in Cost of Carry suggesting Long positions were closed today.

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

Bank Nifty Bulls now need to hold  41861 and close above 42588-42600  range for trend to change.


Bank Nifty as per musical octave trading path can be  42170-42582-42996 take the side and ride the move !!

Maximum Call open interest of 45 lakh contracts was seen at 42500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 38 Lakh contracts was seen at 42000 strike, which will act as a crucial Support level.

MAX Pain is at 42500 and PCR @0.91 . Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05. 

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 42734 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 42265 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 42350 Tgt 42458, 42555 and 42729 (Bank Nifty Spot Levels)

Sell Below 42150 Tgt 42040, 41920 and 41729 (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.

Leave a Reply