Bank Nifty Surges as Venus Ingress & Jupiter Direct Take Effect – Key Levels to Watch

By | February 5, 2025 12:29 am

FII Activity: Bullish Sentiment in Bank Nifty Index Futures

Foreign Institutional Investors (FIIs) maintained a bullish stance in the Bank Nifty Index Futures market, actively buying 3,194 contracts worth ₹481 crores. This activity resulted in a net increase of 498 contracts in open interest, indicating fresh long positions being built.

As Discussed in Last Analysis

Bank Nifty Holds Budget Day Low – Are the Bulls Gearing Up for a Big Move?

Bank Nifty opened with a gap down but found strong support near the Budget Day low of 48,900, leading to a pullback and a close above 49,000. This price action suggests that as long as bulls hold 49,000, we could see an attempt to test 49,785, which aligns with the Semi-Annual Pivot (SAP) level.

Key Levels to Watch

  • Support: 48,900 (Budget Day Low)
  • Resistance: 49,785 (Semi-Annual Pivot Level)

Astro & Gann Cycles Align – A Recipe for a Big Move

The coming days bring a powerful confluence of astro and Gann cycles, which could trigger significant volatility:
Jupiter turns direct today – Often associated with trend reversals or acceleration.
Venus sign change – Can influence sentiment in financial markets.
Gann time cycle on February 5 – Historically, such cycles have aligned with major market swings.

With these multiple astro and Gann cycles aligning, the stage is set for a potentially strong market move. Traders should stay alert and watch for key breakout or breakdown signals in the coming sessions.

 

Bank Nifty reacted strongly to the Venus Ingress and Jupiter turning direct, triggering a breakout once the price closed above the 49785 . The Sensex expiry further accelerated momentum, pushing Bank Nifty higher.

Key Resistance & Support Levels

  • Supply Zone: 50272–50300 → Bulls need to clear this level to drive Nifty towards 51000-51320.
  • Support Zone: 50000→ If Bank  Nifty breaks below this level, bears will regain control, potentially leading to further downside.
  • Astro & Gann cycles continue to align, signaling increased volatility in the coming sessions

Bank Nifty Trade Plan for Positional Trade ,Bulls will get active above 49348 for a move towards 49569/49790/50111.Bears will get active below 49127 for a move towards 48906/48729.

Traders may watch out for potential intraday reversals at 09:25,10:59,11:57,01:21,02:46  How to Find and Trade Intraday Reversal Times

Bank Nifty December Futures Open Interest Volume stood at 30.8 lakh, with liquidation of 0.65 lakh contracts. Additionally, the increase in Cost of Carry implies that there was a covering of SHORT positions today.

Bank Nifty Advance Decline Ratio at 10:02 and Bank  Nifty Rollover Cost is @51689  closed Below it.

Bank Nifty Gann Monthly  Trade level :50312 closed below it.

Bank Nifty closed above 20 SMA @49138 ,Trend is Buy on Dips till above 49000.

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 51408-49965-48521-47159. 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 above 48521 

According to the Bank Nifty options chain, the call side has the highest open interest (OI) at the 50500 strike, followed by the 51000 strike. On the put side, the 50000 strike has the highest OI, followed by the 49500 strike.This indicates that market participants anticipate Bank Nifty to stay within the 49500-50500 range. 

The Bank Nifty options chain shows that the maximum pain point is at 50000 and the put-call ratio (PCR) is at 1.05. 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 .

“I do not believe in gambling or reckless speculation, but am firmly convinced, after years of experience, that if traders will follow rules and trade on definite indications, that speculation can be made a profitable profession” W D Gann

For Positional Traders, The Bank Nifty Futures’ Trend Change Level is At 49698  . 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 50108, Which Acts As An Intraday Trend Change Level.

BANK Nifty Intraday Trading Levels

Buy Above 50300 Tgt 50415, 50666 and 50888 ( BANK Nifty Spot Levels)

Sell Below 50050 Tgt 49850, 49691 and 49444 (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.

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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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