Fed Policy Action, RBI Rate Decision : Bank Nifty Weekly Forecast

By | October 30, 2022 7:45 pm

Coming Week  we have 4 Major Events

  • US Fed meet on November 1 and 2  Market expects 75 bps rate hike at November meeting
  • RBI has unscheduled meeting on november 3
  • SBI , Bharti, L&T, Tata steel , Titan earnings next week
  • Auto sales on 1st Nov

and astro wise we have Mars going into Retrograde and Mercury Ingress on 30 Oct and on 02 Nov we have astro heavy date as we have 4 Aspects which will add more geocosmic energy leading to big move.

Venus Opposition North Node

Mercury YOD Mars HELIO

Mercury Square Pluto HELIO

Venus Opposition Uranus HELIO


BANK Nifty Harmonic Pattern

Price is heading towards 42000 as per Alternate ABCD Pattern.

BANK Nifty Gann Angles

Bank Nifty has done Gann Price Time Squaring Holding Friday low of 41482 heading towards 41889/42000

Planetary Cycles and BANK Nifty Movements

Price reacted from the resistance zone of the Mercury Planneatry Line and Support at Sun Planneatry  Line.

BANK Nifty Supply and Demand

Self Explanatory Chart

BANK Nifty Time Analysis Pressure Dates

31 Oct / 02 Nov  September is the Important Gann/Astro Date for coming week.

BANK Nifty Weekly Chart

Price has done breakout on weekly chart and sustained above last week high.

BANK Nifty Monthly Charts

40689 is monthly support and 43110 monthly resistance

BANK Nifty Weekly Chopad Levels

BANK Nifty Trend Deciding Level: 41243

BANK Nifty Resistance: 41445,41647,41849,42051,42256

BANK Nifty Support: 40919,40715,40511,40370,40104

Levels mentioned are BANK Nifty Spot

As always I wish you maximum health and trading success

Category: Bank Nifty Weekly Analysis

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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