Bank Nifty 02 March 2023 Weekly Expiry Analysis

By | March 1, 2023 8:59 pm

As Discussed in Last Analysis   Bank NIfty continue to Hold its 1×1 angle and formed an Inside Bar pattern on Monthly time frame and also 3 Red candel on Monthly time frame suggesting we can have a volatile March.

Price bounced for 1×1 gann angle now heading higher towards 50% point at 40769. Venus Conjunct Jupiter aspect is happening tommrow so we can see Bumper expiry.




Bank Nifty Formed NR7 pattern today Trade Plan as below  2 targt done waiting for target 3 and 4

Intraday time for reversal can be at  9:18/10:24/12:39/1:43/2:41 How to Find and Trade Intraday Reversal Times

Bank Nifty March Future Open Interest Volume is at 24.7 lakh with liquidation of 0.63 Lakh contract , with decrease in Cost of Carry suggesting Long  positions were closed  today.

Bank Nifty Rollover cost @40733 and 78.1 % rollover is done.

Price is stuck between 37.5-50-62.5 gann retracement. Price is approching 50% point @40769

Bank Nifty as per musical octave trading path can be  40289-40691-41096 take the side and ride the move !!

Maximum Call open interest of 41  lakh contracts was seen at 41000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 42  Lakh contracts was seen at 40500 strike, which will act as a crucial Support level.

MAX Pain is at 40600 and PCR 0.92 . Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05. 

Most of all, you should learn how to be the master of fear! This will make your trading huge improve. It will give you the peace of mind and perseverance you need to to act relaxed in the long term and to be even more successful in the markets want.

For Positional Traders Trend Change Level is 40440 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 40793 act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 40725 Tgt 40835, 40971   and 41218 (Bank Nifty Spot Levels)

Sell Below 40643 Tgt 40525, 40343 and 40200 (Bank Nifty Spot Levels)

Upper End of Expiry : 40974

Lower End of Expiry : 40421  

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.

2 thoughts on “Bank Nifty 02 March 2023 Weekly Expiry Analysis

  1. Libin Babu

    Hi Bramesh,

    The timing is given as 9:18/10:24/1:39/1:43/2:41 in the post. Maybe it should be 12:39 instead of 1:39? Since 4 minutes seems too close for two reversals to occur?


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