Bank Nifty Delivers as Forecasted – More Volatility Ahead with Double Ingress

FII Activity – Bullish in Bank Nifty (May 23, 2024)

Foreign Institutional Investors (FIIs) maintained their bullish stance in the Bank Nifty Index Futures market by buying 3,456 contracts valued at ₹575 crore.

Despite the aggressive long addition, the net open interest (OI) decreased by 928 contracts, suggesting:

• Long positions were added, but

• Some older positions were closed, likely due to monthly rollover activity or profit booking.

Key Takeaways:

• ✅ Sentiment: FIIs are still showing positive bias toward Bank Nifty.

• OI Drop: Indicates possible rollovers or profit locking post recent rally.

• Outlook: With FIIs returning as net buyers and index near major Gann support zones, this could support short-term upside—as long as key levels hold.

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As Discussed In Last Analysis

Bayer Rule 6:

“The price is at a bottom when Mars is at 16°35′ of any zodiac sign, and a reversal is likely as it moves +30°.”

This astrological condition is coming into effect today, signaling a potential key turning point for Bank Nifty. Historically, this setup has preceded sharp trend changes, especially when prices are coiling in narrow ranges — just like we’re seeing now.

Technical + Astro Confluence

• Current Setup: Bank Nifty is trading in a tight range, reflecting compression — typically a precursor to volatility expansion.

• Time Trigger: The astro cycle activation combined with weekly closing pressure can act as a catalyst for a breakout or breakdown in the next 1–2 sessions.

Key Weekly Closing Levels to Watch:

• Bullish Control Zone: 55,200–55,250
  A close here may reinforce the uptrend and encourage continuation next week.

• Bearish Control Zone: Below 54,900
  A close below this level could invite selling pressure and profit booking.

Trading Strategy:

• Stay light ahead of the close; volatility expansion is expected early next week.

• Watch for a breakout from today’s range.

• Use weekly close positioning to gauge directional bias for Monday.

Bank Nifty delivered a textbook upmove right on cue with the Bayer date highlighted in our previous analysis — validating the astro-technical confluence at work.

Key Astro Events Coming Up:

The upcoming week features two major planetary ingresses:

• Mercury Ingress

• Saturn Ingress
  ➡️ This creates a Double Ingress setup, which historically triggers strong directional moves across major indices, especially when aligned with key price levels.

As discussed in the video below, this astro setup acts as a time trigger, often unleashing volatility and trend shifts within 1–2 sessions.

⚠️ Trader’s Outlook & Strategy:

• ✅ Trade with well-defined levels and risk management in place.

• Avoid emotional trades — volatility can be deceptive.

• Upside momentum could intensify if Nifty sustains above last week’s high.

• Watch for reversals if price reacts sharply near known Gann or astro resistance zones.

The red dashed line marks the astro time trigger on May 27, 2024 — a zone historically tied to directional changes.

The shaded area represents the ±100 point volatility zone, highlighting the potential expansion range in response to planetary energy shifts.

Key Insight:
Expect explosive movement or trend acceleration in the next 1–2 sessions. Keep stops tight and trade only with confirmation above breakout zones.