Gann and Astro Time Cycle Confluence BANK Nifty 19 Oct 2023 Analysis

By | October 18, 2023 11:52 pm

Foreign Institutional Investors (FIIs) exhibited a Bearish stance in the Bank Nifty Index Futures market by Shorting 12264 contracts with a total value of 811 crores. This activity led to a increase of 23615  contracts in the Net Open Interest.

As Discussed in Last Analysis

Bank Nifty again was not able to cross 44591-44680 range is Gann Monthly and Annual TC level, High made today was 44598, BUlls need  closing above 44591-44680 range can see move towards 45000/45225. Bears will get upper hand below 44200 only, IN between 44200-44600 its a range bound move can continue till 20 Oct. Bank Nifty has completed 144 trading sessions from 16 Mar 2023 Low and We have Multiple Astro events Involving Mars/Mercury/Venus/North node as discussed in below video, so as both Astro and Gann cycle combine we should see explosive move in Bank Nifty.

We have seen Impact of Gann 144 Days and Astro Cycle with Mars/Mercury/Venus/North node. 43826-43800 range is importnat demand zone  If 43826 and sustained below it for 15 mins 43200-43000 quiet possible as  Mercury Opposition North Node Aspect is forming again voaltile day is coming.

Bank Nifty Trade Plan for Positional Trade ,Bulls will get active above 43958 for a move towards 44167/44378. Bears will get active below 43745 for a move towards 43534/43322/43111

Traders may watch out for potential intraday reversals at 9:38,10:35,1:31,2:07  How to Find and Trade Intraday Reversal Times

Bank Nifty Oct Futures Open Interest Volume stood at 26.9 lakh, additiion of 5.90 lakh contracts. OI increased 32% highest addition in single day for October Series. Additionally, the increase in Cost of Carry implies that there was a addition of SHORT positions today.

Bank Nifty Advance Decline Ratio at 00:12 and Bank  Nifty Rollover Cost is @44871 closed above it. 

Bank Nifty closed below 20/50/100 SMA and heading towads 43200 till we close below 44600 



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 has closed below 44634 and saw a big fall.

According to the Bank Nifty options chain, the call side has the highest open interest (OI) at the 44000 strike, followed by the 44500 strike. On the put side, the 43500 strike has the highest OI, followed by the 43000 strike.This indicates that market participants anticipate Bank Nifty to stay within the 43000-44000 range. Total Call OI is 1.44 cr and Total Put OI is 1.65 cr

The Bank Nifty options chain shows that the maximum pain point is at 43800  and the put-call ratio (PCR) is at 0.80 . 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 .

You will not be rewarded because you didn’t follow the process. You will not be rewarded because you broke the rule. You will not be rewarded because you simply lack discipline.

For Positional Traders, The Bank Nifty Futures’ Trend Change Level is At 44478 . 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 44165 , Which Acts As An Intraday Trend Change Level.


BANK Nifty Intraday Trading Levels

Buy Above 43800 Tgt 43920, 44125 and 44250 ( Bank Nifty Spot Levels)

Sell Below 43729 Tgt 43610, 43512 and 43350 (BANK Nifty Spot Levels)


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

As always, it’s essential to closely monitor market movements and make informed decisions based on a well-thought-out trading plan and risk management strategy. Market conditions can change rapidly, and it’s crucial to be adaptable and cautious in your approach.

Category: 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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