Bayer Rule 9: Bank Nifty Analysis

By | February 6, 2023 8:58 pm

As Discussed in Last Analysis     Low made was 40609 so bulls were able to hold 40513 and we saw a big rally in Bank Nifty.  Now “Bayer Rule 2: Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to Big Move ” we are moving into crucial range of 41622-41860 which bulls need to cross for the rally to continue towards 42225/42500.

High made was 41724 so bulls were unable to cross the range of 41622-41860. Bayer Rule 9: Big changes on market are when Mercury passes over 19 degrees 36 minutes of Scorpio and Sagittarius,also over 24 degrees 14 minutes of Capricorn. got in effect today

SO we can expect big move in bank nifty in next 2 days. For Swing Traders Bulls will get active above 41464 for a move towards 41667/41870/42073. Bears will get active below 41316 for a move towards 41111/40907/40703



Intraday time for reversal can be at  9:51/11:11/11:53/1:43/2:28 How to Find and Trade Intraday Reversal Times

Bank Nifty Feb Future Open Interest Volume is at 24.8 lakh with addition of 2 Lakh contract , with increase in Cost of Carry suggesting Long  positions were added today.

Bank Nifty Rollover cost @42742  and Rollover % @77  Closed below it,

Bank Nifty Bulls now need to hold  41151 for trend to remain buy on dips.


Bank Nifty as per musical octave trading path can be  40853-41666-42075  take the side and ride the move !!

Maximum Call open interest of 22 lakh contracts was seen at 42000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 27 Lakh contracts was seen at 41000 strike, which will act as a crucial Support level.

MAX Pain is at 41400 and PCR @0.91. Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05. 

You cannot achieve mastery with a mediocre effort. If you want big returns in the stock market, you must make your trading a priority.

For Positional Traders Trend Change Level is 41135 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 41579 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 41420 Tgt 41512, 41645 and 41900 (Bank Nifty Spot Levels)

Sell Below 41250 Tgt 41125 , 40990 and 40729 (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