Bank Nifty Soars 1000 Points: Astrology Proves its Impact on Market Trends

By | March 4, 2023 9:15 am

As Discussed in Last Analysis   Bank Nifty formed an Outside Bar and today being Venus Conjuct Jupiter Aspect so Bank Nifty can lead traction till 07 march. With Adani News PSU Stock should be on radar for tommrow. Trading has been diffcult for swing traders with YO YO move coming in Bank Nifty but tommrow as we have weekly closing Bulls would like to close above 40500.

The combination of Gann Price Time Squaring with the Astro Venus Conjuct Jupiter Aspect proved to be a powerful force for the Bulls, leading to a significant rally in Bank Nifty. Watch our discussion of this phenomenon in the below video.




Bank Nifty formed an Outside Bar pattern yestrday, which is a strong indication of a trend reversal. 2 target are done now waiting for 41463/41694 

Traders may watch out for potential intraday reversals at 10:08, 12:04, 1:35, and 2:40. How to Find and Trade Intraday Reversal Times

Bank Nifty March Futures Open Interest Volume stood at 24.7 lakh, witnessing a liquidation of 0.63 lakh contracts. Additionally, the decrease in Cost of Carry implies that there was a closure of long positions today.

The Bank Nifty Rollover cost currently stands at 40733, and once this level was crossed, it  triggered a significant rally

The price is once again approaching the crucial 30 SMA Level at 41414, and this level will be crucial on Monday.

he price has broken above the 50% level and witnessed a significant rally

According to the musical octave trading path, Bank Nifty may follow the path of 41024-41430-41883, so traders should take a position and ride the move.

According to the Bank Nifty options chain, the call side has the highest open interest (OI) at the 41500 strike, followed by the 42000 strike. On the put side, the 41000 strike has the highest OI, followed by the 40000 strike. This indicates that market participants anticipate Bank Nifty to stay within the 41000-42000 range.

The Bank Nifty options chain shows that the maximum pain point is at 41100 and the put-call ratio (PCR) is at 0.84. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound. This suggests that Bank Nifty may trade within a range of 41000-42000 levels in the near term

“To be a successful trader, you have to be able to admit mistakes. People who are very bright don’t make very many mistakes. They don’t make very much money.” – William O’Neil

For Positional Traders, The Bank Nifty Futures’ Trend Change Level is At 40603. Going Long Or Short Above Or Below This Level Can Help Them Stay On The Same Side As Institutions, With A Higher Risk-reward Ratio. Intraday Traders Can Keep An Eye On 41258, Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels:

  • Buy above 41414 with targets at 41555, 41729, and 41920 (Bank Nifty Spot Levels)

  • Sell below 41166 with targets at 41000, 40824, and 40666 (Bank Nifty Spot Levels)

Wishing you good health and trading success as always.As always, prioritize your health and trade with caution.

Category: Daily

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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