Bank Nifty drops by 1000 points in response to the influence of Lunar Eclipse and Jupiter Cycle

By | May 6, 2023 5:00 pm

As discussed in Last Analysis 

Bank Nifty was unable to breach the May 3rd low of 43078 , and once the high of 43355 was crossed, bulls had the upper hand, Bank  Nifty is also closed above January HIgh of 43578, Bulls have the upper hand until they can close above 43350. As a trader, our job is to stay with the trend and not anticipate the next move by taking aggressive positions. Bank Nifty has decoupled from the global market, but as a trader, we should remain alert and not get carried away by news. For Reversal Bank Nifty has to close below 20 SMA on 1 Hour chart.

The stock market is a complex system influenced by various factors, including economic indicators, political events, and natural phenomena. One such natural phenomenon is the lunar eclipse, which has been observed to potentially impact the stock market, particularly the Nifty index. A lunar eclipse occurs when the Earth passes between the Sun and the Moon, casting a shadow on the Moon. This celestial event is visible from most parts of the world when the Moon is in the full moon phase.

Historical trends suggest that lunar eclipses can have a short-term impact on the stock market, with a potential dip in performance during and after the eclipse. A study conducted by the National Bureau of Economic Research found that stock market returns were significantly lower during lunar eclipses compared to non-eclipse days

Bank Nifty saw the impact of Lunar Cycle and Jupiter Cycle as discussed in Below Video From 30-Sep-2022 if you calculate 144 Bar ie. trading days it will give you 144 Bars which is also Jupiter Cycle.

Bank Nifty saw a decline of almost 1000 points and coming week we have multiple astro events on Monday so first 15 mins high and low will decide the trend of the day.


“Bayer Rule 2: Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to Big Move ”






Bank Nifty made high of 43588 near the Jan High of 43578 and saw a waterfall decline based on HDFC Twins MSCI News and price is back towards 42679. 42679 break can lead to fall towards 42319/41967. Bulls need a move above 43038 Yealy Open for a move towards 43225/43500.


Traders may watch out for potential intraday reversals at 10:15,11:19,12:39,2:25 How to Find and Trade Intraday Reversal Times

Bank Nifty May Futures Open Interest Volume stood at 23 lakh, liquidation of 1.6 lakh contracts. Additionally, the decrease in Cost of Carry implies that there was a closeure of Long positions today.

Bank Nifty Major Support is near 20 SMA@42319

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. Price is has broken 43216

According to the Bank Nifty options chain, the call side has the highest open interest (OI) at the 43500 strike, followed by the 44000 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 43000-43500 range.

The Bank Nifty options chain shows that the maximum pain point is at 43000 and the put-call ratio (PCR) is at 1.07 . 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 .

Perfectionism leads to failure in trading. You must strive for excellence over a sustained period, as opposed to judging each buy or sell signal as perfect. The great traders make losing trades, but they are able to keep the impact of those losses small.

For Positional Traders, The Bank Nifty Futures’ Trend Change Level is At 43029. 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 43128 , Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 42802 Tgt 42943, 43085 and 43225 (Nifty Spot Levels)

Sell Below 42555 Tgt 42444, 42300  and 42108 (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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