Bank Nifty Ready for the Big move as per Astro Analysis

By | April 11, 2021 11:03 am
  • As Discussed in Last Analysis  Now Bulls need to move above 32950 for a move back to 32301/33462/33717/33980/34243. Till Bears are below 32883 we can move back to 32666/32357/32100/31800. 10 April is important Bayers Date so we should see effect either today or Monday. Bears were able to 2 target on downside as low made was 32329 and bulls were got whipsawed so bank nifty continue to do time correction trading in small range. As today is important Bayers date (Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes.) and important Jupiter Aspect (Venus Sextile  Jupiter) Jupiter being Ruling plannet of Bank Nifty so we should see trending move in market in next 2 trading session.Bulls need to move above 32666 for a move back to 32843/33000/33225/33479. Bears are below 32323 we can move back to 32150/31900/31729/31555.

  • Bank Nifty April Future Open Interest Volume is at 17.3 lakh with addition of 0.25 Lakh, with increase in Cost of Carry suggesting SHORT positions were closed today. Bank nifty Rollover cost @33759 closed below it.
  • 33000 CE is having highest OI @9.1 Lakh resistance at 33000 followed 33500.33000-35000 CE added 17.2 Lakh in OI so bears added position in the zone of 33000-34000.
  • 31500 PE is having highest OI @5.3 Lakh, strong support at 31500 followed by 32000 .31000-34000 PE added 8.3 Lakh OI so bulls making support in the range of 31500-32000.

Buy Above 32525 Tgt 32651,32777 and 32900 (Bank Nifty Spot Levels)

Sell Below 32323 Tgt 32100,31998 and 31864 (Bank Nifty Spot Levels)

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