Unlocking Bank Nifty’s Potential: Analyzing Mercury Square Jupiter Aspect and the 144 Bar Blowout Move

By | July 17, 2023 9:35 pm

Foreign Institutional Investors (FIIs) displayed a Bullish approach in the Bank Nifty Index Futures market by Buying 1073  contracts worth 73 crores, resulting in a increase of 4811 contracts in the Net Open Interest.


As Discussed in Last Analysis Bank  Nifty gave an intraday rally but faced rejection at 4×3 gann angle as shown in below chart and showed the correction .Bank Nifty is getting lot of Supply from upper side as seen in last 4 trading session price opens up see upmove in first session and gets sold off into 2 session, suggesting we are seeing Distribution on upper levels. Price is doing more of time correction rather than price correction. Momemtum will come on downside once we see a close below 20 SMA.

Sun Sextile Uranus and Venus YOD Neptune Aspect imvolving Outer Plannets are happening on Weekend so next week we can see range expansion. —  Got the perfect range expansion.

Mercury Square Jupiter Aspect and 144 Bars Gann played a powerful combination, leading to a significant rally in the Bank Nifty. Whenever Gann and Astrology combine, it often indicates a substantial market move. The all-time high of Bank Nifty stands at 45655 , which might prove challenging to surpass. Today’s rise can be attributed to short-covering bounce, and once the short squeeze subsides, the price tends to revert back to the mean.

The movement of the Lunar Node to Aries signifies a potential decline in business activity below normal levels, so it is crucial to observe management commentary to understand future earnings prospects.


Bank Nifty Trade Plan Based  Bulls will get active above 45603 for a move towards 45814/46025/46236. Bears will get active below 45392  for a move towards 45181/44969/44758.

Traders may watch out for potential intraday reversals at 9:15,10:47,1:13,1:56,2:51  How to Find and Trade Intraday Reversal Times

Bank Nifty June  Futures Open Interest Volume stood at 24.3 lakh, addition of 2.9  lakh contracts. Additionally, the increase in Cost of Carry implies that there was a addition of LONG positions today.

Bank Nifty Advance Decline Ratio at 7:3 and Bank  Nifty Rollover Cost is @44037  and Rollover is at 72.6%

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 43444-44634-45923 . 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 near 44634 — Perfect bounce from 44634

According to the Bank Nifty options chain, the call side has the highest open interest (OI) at the 45700 strike, followed by the 46000 strike. On the put side, the 45300 strike has the highest OI, followed by the 45000 strike. This indicates that market participants anticipate Bank Nifty to stay within the 44500-45000 range.

The Bank Nifty options chain shows that the maximum pain point is at 45200 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 .

With every trade I imagine that this will be my worst trade ever. And I think about it beforehand, how much of my money I want to lose with it

For Positional Traders, The Bank Nifty Futures’ Trend Change Level is At 45029   . 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 45140 , Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 45555 Tgt 45666, 45777 and 45920  (Nifty Spot Levels)

Sell Below 45341 Tgt 45233, 45125  and 44911  (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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