Will Bayers Rule Lead to a Trending Move in Bank Nifty

By | February 21, 2023 9:19 pm

Bank Nifty continue to hold 40500 and price is 4 red bar but now bulls need to move above 41000. Break of 40500-41000 can lead to 500+ point move. Its tough time for trend followers as market are lacklusture. As a trader we need to adjust as per market moves.Bayer Rule 6: The price is in bottom/top when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees. will come into effect tommorow so first 15 mins High and Low will guide for the day.

Position sizing:

  • “Sideways market”, it should be 25% of total and for 50 to 100 points as per the trading range expected or already established and you should initiate trades based on the levels with discipline and never in the middle of the range. Above all “trade” during this period.
  • “Trending market”(Either up or down), it should be 75% of total as positional and for maximum gains till the new astro/gann date confluence is seen.
  • “Narrow choppy market” when volatility is at its lowest, trade for 25 to 35 points and at times you may be holding positional during such periods and it will be a testing time but you must sit through this.

Our ability to discriminate these three different periods and the courage to act on such a knowledge will make the difference from an average trader to an outstanding one.

Intraday time for reversal can be at  9:15/10:55/11:41/12:47/2:42 How to Find and Trade Intraday Reversal Times

Bank Nifty Feb Future Open Interest Volume is at 19.1 lakh with liquidation of 5.1 Lakh contract , with decrease in Cost of Carry suggesting Long  positions were closed today.

Bank Nifty as per musical octave trading path can be  40218-40620-41024  take the side and ride the move !!

Maximum Call open interest of 35 lakh contracts was seen at 41000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 28 Lakh contracts was seen at 40500 strike, which will act as a crucial Support level.

MAX Pain is at 40900 and PCR @0.57. 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 41318 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 40750 act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 40729 Tgt 40910, 40147 and 41348 (Bank Nifty Spot Levels)

Sell Below 40610 Tgt 40472, 40275 and 40100 (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