Mars in Leo sign Impact on Bank Nifty

  






Mars in Leo sign Impact on Bank Nifty – Bramesh’s Technical Analysis



















  • As Discussed in Last Analysis We got the big move as per expectation based on data and astro date, Now we are at crucial jucture as we have solar eclipse and also Mars change in sign on 11 June suggesting one big move can be seen as multiple astro dates are coming.We are forming a SHARK pattern in bank nifty with PRZ Zone around 34500 which can act as good reversal point. Break of 34500 will lead to a fast decline towards 34225/34000. Bulls got entry at 34874 did 2 targets on upside, As we have Mars going to Leo Zodiac which generally leads to Bearish move bears will get there chance below 35001 for a move towards 34855/34666/34423. Bulls will get active above 35170 for a move towards 35280/35444/35666.

  • Bank Nifty June  Future Open Interest Volume is at 16.3 lakh with liqudiation of 1 Lakh, with increase in Cost of Carry suggesting SHORT positions were added today. Bank nifty Rollover cost @34885 closed above it.
  • 35500 CE is having highest OI @16.6 Lakh resistance at 35500 followed 36000. 35000-36000 CE added 12.6 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 7 Lakh OI so bulls making support in the range of 34000-34500.

Buy Above 35170 Tgt 35280, 35444 and 35666 (Bank Nifty Spot Levels)

Sell Below 35070 Tgt 34950, 34829 and 34729 (Bank Nifty Spot Levels)



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