Jupiter Contra Antis Saturn Aspect on Bank Nifty : Impact, Analysis & Prediction

By | April 26, 2023 12:47 am

As Discussed In Last Analysis Bank Nifty once sustained above Previous day High and saw a move towards 42700 Price has moved above 4×3 gann angle and we also saw the impact of Mercury Retrograde. Bank Nifty price is at a crucial level of 42679 which is 6 month Pivot so we should see another 800-100 points move from this level as seen in past.

Jupiter Contra Antis Saturn, This aspect is a rare occurrence and can have significant effects on the stock market. and “Bayer Rule 2: Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to Big Move ” are two important Astro Events happening tommrow.
For Swing Traders Break of 42873 can see a rise towards 42970,43100,43214. Bears will get active below 42593 for a move towards 42496,42366,42252

Traders may watch out for potential intraday reversals at 9:47,10:31,12:19,1:39,2:07 How to Find and Trade Intraday Reversal Times
Bank Nifty May Futures Open Interest Volume stood at 11.1 lakh, addition of 3 lakh contracts. Additionally, the decrease in Cost of Carry implies that there was a closeure 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 40789-41967-43216 . 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 42800 strike, followed by the 43000 strike. On the put side, the 42500 strike has the highest OI, followed by the 42000 strike. This indicates that market participants anticipate Bank Nifty to stay within the 41800-41300 range.
The Bank Nifty options chain shows that the maximum pain point is at 42500 and the put-call ratio (PCR) is at 0.92. 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 successful speculator bases NO moves on what supposedly will happen, but reacts instead to what does happen.
For Positional Traders, The Bank Nifty Futures’ Trend Change Level is At 41652 . 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 42748 , Which Acts As An Intraday Trend Change Level.
Intraday Trading Levels:
Buy above 42729 with targets at 42824, 42984 and 43108 Bank Nifty Spot Levels)
Sell below 42585 with targets at 42480, 42365 and 42225 (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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