Astro-Trading Secrets: Bank Nifty’s Fate Revealed by Venus Ingress and Sun-Mercury Conjunction

By | March 17, 2023 9:00 am

As Discussed In Last Analysis  As for the Bank Nifty index, it is currently near the Gann Angle 1×2, and if it can hold above the low of 38934 for at least an hour, it may provide some relief for bullish traders. However, in order for a short-term bottom to be formed and a rally to occur, the Bank Nifty needs to close above 39332 on a daily basis.

It is important to note that the selling based on advance tax has ended and the NAV (net asset value) game will begin, so traders should exercise caution.

Furthermore, two important astrological events are happening today: Mercury Conjunct Neptune and Mercury Square Mars. For intraday traders, the high and low of the first 15 minutes of trading will be important indicators to guide their trading decisions.


Bank Nifty closed above the 1×2 Gann angle and formed a doji on daily charts at 38934. Bulls need a close above 39332 to confirm a bottom. According to Bayer Rule 14, Venus movements in geocentric longitude using a unit of 1*9’13” can indicate market movements. Additionally, Bayer Rule 27 suggests that big tops and major bottoms occur when Mercury’s speed in geocentric longitude is 59 minutes or 1 degree 58 minutes. In an below video, we have explained how the Sun Conjunct Mercury aspect will lead to a good move in the Bank Nifty .



Astro Plan based on Bayers Rule Swing traders can expect a potential move towards 39715, 40137, or 40506 if the Bank Nifty trades above 39400. However, if the Bank Nifty falls below 38593 , Bears may become more active, leading to a move towards 38278,37856,37487.

Traders may watch out for potential intraday reversals at 09:19,11:07, 12:11, 12:55, 2:43. How to Find and Trade Intraday Reversal Times

Bank Nifty March Futures Open Interest Volume stood at 26.9 lakh, witnessing a liquidation of 0.34 lakh contracts. Additionally, the decrease in Cost of Carry implies that there was a closure of Short positions today.

Traders who follow the musical octave trading path may find valuable insights in predicting Bank Nifty’s movements. According to this path, Bank Nifty may follow a path of 38227-39332-40502-41672. This means that traders can take a position and potentially ride the move as Bank Nifty moves through these levels.

Of course, it’s important to keep in mind that trading is inherently risky and market movements can be unpredictable.

According to the Bank Nifty options chain, the call side has the highest open interest (OI) at the 39500 strike, followed by the 40000 strike. On the put side, the 39000  strike has the highest OI, followed by the 38500 strike. This indicates that market participants anticipate Bank Nifty to stay within the39500-40000 range.

The Bank Nifty options chain shows that the maximum pain point is at 39100 and the put-call ratio (PCR) is at 0.67. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound. PCR is on extreme end suggesting we can see sharp reversal .

“The most important thing in trading is capital preservation. The biggest losses come from taking the largest risks

For Positional Traders, The Bank Nifty Futures’ Trend Change Level is At 40545 . 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 39212 , Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels:

  • Buy above 39400 with targets at 39595, 39792 and 39988 (Bank Nifty Spot Levels)

  • Sell below 39202 with targets at 39066, 38809 and 38613 (Bank Nifty Spot Levels)

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

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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