Fed Policy Action, RBI Rate Decision : Nifty Weekly Forecast

By | October 30, 2022 3:45 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


Nifty Harmonic Pattern

Price need to move above 17920 and hold 17811 for move towards 18100/18300

Nifty Gann Angles

Price is near important gann angle above 17850 can lead to rally till 18100/18225.

Planetary Cycles and Nifty Movements

Price reacted from the support zone of the Mercury Planneatry zone.

Nifty Supply and Demand

Self Explanatory Chart

Nifty Time Analysis Pressure Dates

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

Nifty Weekly Chart

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

Nifty Monthly Charts

17877 is monthly support and 18225 monthly resistance

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level: 17902

Nifty Resistance: 17969,18035,18101,18168,18225

Nifty Support: 17836,17769,17703,17637

Levels mentioned are Nifty Spot

As always I wish you maximum health and trading success

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