SUN Conjunct Uranus Aspect Impact on Bank Nifty

By | May 8, 2023 8:47 pm

Foreign Institutional Investors (FIIs) displayed a Bullish approach in the Bank Nifty Index Futures market by Buying 5366 contracts worth 579 crores, resulting in a decrease of 44 contracts in the Net Open Interest.

As discussed in Last Analysis 

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 “

We saw a big reversal in Bank Nifty tommrow we have

“Bayer Rule 15: VENUS HELIOCENTRIC LATITUDE AT EXTREME AND LEAST SPEEDS FOR MAJOR MOVES Imp Rule” and SUN Conjunct Uranus Aspect so time to be a cautious as we have gann date also today as shown in below gann chart.

Uranus is a plannet of Stock Market.





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.

Bulls were able to move above 43038 and almost did 2 target, Now For Swing Trade Bulls need to move above 43407 for a move towards 43614/43820/44026. Bears will get active below 43201 for a move towards 42994/42788/42582.


Traders may watch out for potential intraday reversals at 9:21,9:53,11:16,12:35,2:16 How to Find and Trade Intraday Reversal Times

Bank Nifty May Futures Open Interest Volume stood at 23.7 lakh, addition of 0.68 lakh contracts. Additionally, the decrease in Cost of Carry implies that there was a closeure of Long positions today.

Nifty Rollover Cost is @42773 and Rollover is at 75.8%

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 43000 strike has the highest OI, followed by the 42500 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 43200 and the put-call ratio (PCR) is at 0.91. 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 43058 . 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 43234, Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 43420 Tgt 43541, 43729 and 43900 (Nifty Spot Levels)

Sell Below 43222 Tgt 43100, 42903 and 42800 (Nifty Spot Levels)

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

Category: Bank Nifty Bank Nifty Astrology

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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