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Astro Cycle Impact : Bank Nifty Hits 43000 – Bramesh’s Technical Analysis

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Bramesh



As discussed in Last Analysis

Bank Nifty moved as discussed in video and price moved from 1 purple line to another as per our Gann Master Level Indicator and we also saw the impact of Jupiter Direct and we will see another gap up open today. Price has aslo taken support at Gann Angle line.

Bank Nifty did 43000 and we saw the impact of Jupiter Plannet as bank nifty moved in lst 2 trading session only and the red line (Gann Master Level Indicator as shown in below chart lead to move of 400+ points, Price generally give 500-729-1008 points move from red line.

For Swing Trade Bulls need to move above 43229 for a move towards 43435/43640/43846 . Bears will get active below 42818 for a move towards 42613/42408/42202.

Intraday time for reversal can be at 9:17/9:52/11:27/12:09/1:43/2:32How to Find and Trade Intraday Reversal Times

Bank Nifty Dec Future Open Interest Volume is at 30.3 lakh with addition of 11.3 Lakh contract , with increase in Cost of Carry suggesting Long positions were added today.

Bank NIfty Rollover cost @42828 and Rollover % @81.3

Till Bank Nifty is above 43632 on closing basis  Bulls will have upper hand.

 

Bank Nifty as per musical octave trading path can be  41899-43110-44392  take the side and ride the move !!

Maximum Call open interest of 12 lakh contracts was seen at 43500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 14 lakh contracts was seen at 42500 strike, which will act as a crucial Support level.

MAX Pain is at 43000 and PCR @0.82 . PCR below 0.95 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Most Of The Money You Will Earn Trading Will Be Easy Money. You Will See Something On Your Screen That Signals A Great Trading Opportunity For You And You Will Pounce. But These Great Opportunities Present Themselves Only Because You Have Watched Your Stock(S) And Gathered Valuable Information

For Positional Traders Trend Change Level is 43355 on Futures go long and short above/below it That will help you stay on the side of Institutions and which has a greater risk-reward ratio. For Intraday Traders 43195 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 43125 Tgt 43236, 43396 and 43555 (Bank Nifty Spot Levels)

Sell Below 42960 Tgt 42842, 42610 and 42444 (Bank Nifty Spot Levels)

As always I wish you maximum health and trading success



Category: astro bank nifty technicals Bank Nifty

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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