Bank Nifty Does Gann Price Time Squaring

By | June 21, 2021
  • As Discussed in Last Analysis  We are approaching crucial time cycle both ganna and asto, price is  near gann support zone as shown in below chart suggesting we are in another big move in next 2 trading sessions. Bulls will get active above 34729 for a move towards 34882/35070/35225.  Bears will get active below 34410 for a move towards 34225/34054/33900. We have 3 Plannet Ingress Sun/Jupiter/Mercury on 20/21/22 this particule Astro Phenomeon is called Tripple Ingress and is a very rare and powerful astro event,As Banks are impacted by Jupiter we should see outperformance of Bank Nifty going forward.Also we have gann date as shown below and today price bounced from gann angle suggesting a perfect price time squaring. Bulls will get active above 34940  for a move towards 35075/35220/35555.  Bears will get active below 34721 for a move towards 34578/34432/33225. 

  • Bank Nifty June  Future Open Interest Volume is at 13.5 lakh with liqudiation of 0.73 Lakh, with decrease in Cost of Carry suggesting SHORT positions were closed today. Bank nifty Rollover cost @34885 closed above it.
  • 35000 CE is having highest OI @28.6 Lakh resistance at 35000 followed 35500. 35000-36000 CE added 212.6 Lakh in OI so bears added position in the zone of 34500-35000.
  • 34000 PE is having highest OI @18.3 Lakh, strong support at 34500 followed by 34000 .34000-35000 PE added 27 Lakh OI so bulls making support in the range of 34000-34500.

Buy Above 34940 Tgt 35075, 35220 and 35400 (Bank Nifty Spot Levels)

Sell Below 34721 Tgt 34578, 34432 and 34230 (Bank Nifty Spot Levels)

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