Double Ingress Impact: Bank Nifty Breaks 200 DMA

By | October 25, 2023 12:54 am

Foreign Institutional Investors (FIIs) exhibited a Bullish stance in the Bank Nifty Index Futures market by Buying 7112 contracts with a total value of 453 crores. This activity led to a increase of 2016 contracts in the Net Open Interest.

As Discussed in Last Analysis

We have multiple Astro Events today which Involves Sun Mercury Moon and North Node

  • Moon Extreme Decliantion
  • Sun Conjunct Mercury
  • “Bayer Rule 2: Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to Big Move “
  • Mercury Opposition North Node
  • Solar Eclipse Gann Date

Bank Nifty has broken its last Swing Low of  43796  and close below it also , Price is still trading below the 144 days Low, Watch out for PSU Banks today as they can take a beating if Bank Nifty start trading below 43600. Intraday Traders can watch out for first 15 mins High and Low to capture the trend of the day using Ratio Indicator 


When Astro and Gann Date confluence its leads to big move , Same Happened on Monday, Bank Nifty broke the 144 Days low of  and on Weekend we had Mercury and Sun Chaging Sing which lead to Double Ingress and we broke the last swing low of 44002 and 200 DMA also and closed below it. With Banks decalring such a good resulots still we are seeing Fall in Bank Nifty suggests market is sensing something diffrent which is not avilable in public domanin currently . Next  2 trading session are important as we have Monthly expiry coming up and “Bayer Rule 15: VENUS HELIOCENTRIC LATITUDE AT EXTREME AND LEAST SPEEDS FOR MAJOR MOVES Imp Rule”. To Capture trend of the day watch out for first 15 mins High and Low.

Bank Nifty Trade Plan for Positional Trade ,Bulls will get active above 43219 for a move towards 43429/43629. Bears will get active below 43009 for a move towards 43799/42589

Traders may watch out for potential intraday reversals at 9:46,12:31,1:04,2:19  How to Find and Trade Intraday Reversal Times

Bank Nifty Nov Futures Open Interest Volume stood at 10.6 lakh, addition of 3.6 lakh contracts. Additionally, the decarease in Cost of Carry implies that there was a covering of LONG positions today.

Bank Nifty Advance Decline Ratio at 02:12 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  — Done



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 43444 and saw a big fall.

According to the Bank Nifty options chain, the call side has the highest open interest (OI) at the 43300 strike, followed by the 43500 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 34000-43600 range. Total Call OI is 4.44 cr and Total Put OI is 6.65 cr

The Bank Nifty options chain shows that the maximum pain point is at 43200  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 .

By implementing contingency planning, you can take swift, decisive action the instant one of your positions changes its behavior or is hit with an unexpected event.

For Positional Traders, The Bank Nifty Futures’ Trend Change Level is At 44342 . 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 43485, Which Acts As An Intraday Trend Change Level.


BANK Nifty Intraday Trading Levels

Buy Above 43250 Tgt 43343, 43444 and 43610 ( Bank Nifty Spot Levels)

Sell Below 43150 Tgt 43040, 42900 and 42729 (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: Daily

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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