The Effect Of Planetary Alignments On Bank Nifty During Vernal Equinox And Jupiter Semi-square Saturn

Bank Nifty closed above the 1×2 Gann angle andagain took support at 1×2 angle. Bulls were able to close above 39332 to confirm a bottom. Today we have 3 Important Astro Event

• Jupiter semi-square Saturn
• Vernal Equinox — W. D. Gann tracked each year as an important astro-trading pivot point.
• New Moon
• Gann Natural Time Cycle date

Jupiter semi-square Saturn is an astrological aspect that occurs when Jupiter is halfway between a square and a conjunction with Saturn. This aspect represents a tense and challenging energy between expansion (Jupiter) and contraction (Saturn). It is said to symbolize a time of testing, when there may be obstacles and limitations that need to be overcome in order to achieve success.

A new moon occurs when the moon is in conjunction with the sun, and its illuminated side is facing away from the Earth. It is considered a time of new beginnings, fresh starts, and setting intentions for the future.

As Multiple Astro and Gann Cycle are meeting with Price above 39332 we can see upmove with levels mentioned as below.

 

Astro Plan based on Bayers Rule Swing traders can expect a potential move towards 39797, 40082, or 40367 if the Bank Nifty trades above 39512. However, if the Bank Nifty falls below 36941 , Bears may become more active, leading to a move towards 38656,38371,38086.

Traders may watch out for potential intraday reversals at 9:15,10:59,11:51, 12:27, 1:45, 2:51. How to Find and Trade Intraday Reversal Times

Bank Nifty March Futures Open Interest Volume stood at 26 lakh, witnessing a addition of 0.75 lakh contracts. Additionally, the decrease in Cost of Carry implies that there was a closure of Short positions and addition of longs 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 39300 and the put-call ratio (PCR) is at 1.08. 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 .

After a Trading Loss Whatever the cause, the best solution is just to move on to the next trade with a clear mind and in good spirits.

For Positional Traders, The Bank Nifty Futures’ Trend Change Level is At 40411 . 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 39340 , 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.