RBI Policy Meet : NIFTY Weekly Technical Analysis

By | December 5, 2021 6:39 pm

Last Week we gave Chopad level of 16900 Bulls did all target on upside so excellent week for chopad followers as Sun Conjunct Mercury and Mercury Square Jupiter HELIO showed there impact.Coming Week we have RBI Policy and Mercury and Venus Ingress so trending week should be seen.

Nifty Harmonic Pattern

PRZ Zone at 16613 below 17136

Nifty Gann Angles

Doji below 1×1 line.

Planetary Cycles and Nifty Movements

Plannetary Support 17136-17156 Resistance 17325

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 06 Dec is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

Price took support at lower end of AF

Nifty Monthly Charts

Bulls need to move above 17325 for a move towards 17496/17576/17777. Bers below 17154 move towards 16900/16666

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level: 17159

Nifty Resistance: 17225,17291,17357,17423,17489

Nifty Support:17093,17026,16960,16900,16822

Levels mentioned are Nifty Spot

Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict Sl.Please also read the detailed Disclaimer mentioned in the Right side of Blog.

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Category: Bank Nifty RBI Policy

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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