Bank Nifty Analysis as Gann Astro Date Confluence

By | February 17, 2023 7:09 am

As discussed in last analysis  We have important astro events happening tommrow as discussed below and bank nifty is back to 50% point so be ready for big move. Tommrow being Weekly Expiry Settlement generally happens which cause pain to most of the crowd. Last Expiry close was 41554 till above this BUlls have upper hand.

Bank Nifty opened with gap up but price fell below 15 mins low and moved on downside and in the process failed to close above 50% point @41785 and on Weekly chart forming another DOJI candel. From 14 dec 2022 bank nifty completed 45 trading bar yesterday and we had important astro date also as discussed in below video so we can see a big move in Bank Nifty. Tigthen you SL.


Bank Nifty Swing Trade Plan as per Intraday Ratio Indicator based on SUN Conjunct Saturn Astro Date 


Intraday time for reversal can be at  9:18/9:53/11:14/12:59/2:34 How to Find and Trade Intraday Reversal Times

Bank Nifty Feb Future Open Interest Volume is at 23.3 lakh with addition of 0.78 Lakh contract , with decrease in Cost of Carry suggesting Long  positions were added  today.

Bank Nifty Bulls now need to break 41767-41795 range for an explosive move on Upside. Bears need to break  41568.


Bank Nifty as per musical octave trading path can be  41430-41838-42248  take the side and ride the move !!

Maximum Call open interest of 26 lakh contracts was seen at 42000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 20 Lakh contracts was seen at 41500 strike, which will act as a crucial Support level.

MAX Pain is at 41700 and PCR @0.83. Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05. 

Understand that you will lose on more trades than you will win on; that is just part of the game. If you are the type that always has to be “right” you are going to have a hard time becoming a successful trader. The market is perpetual, it continues on no matter what you think about it with no knowledge that you exist.

For Positional Traders Trend Change Level is 41373 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 41867 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 41671 Tgt 41750, 41888 and 42000 (Bank Nifty Spot Levels)

Sell Below 41500 Tgt 41385, 41253 and 41108 (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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