Bank Nifty Weekly Analysis: Understanding the Influence of Solar Eclipses and Bayer’s Rule

By | April 16, 2023 11:28 pm

Last Week we gave Chopad Level of  41139 Bank Nifty Bears were able to do 2 target on downside, and bulls were able to achieve the ALL target on the upside. It was an Excellent week for Chopad followers. The upcoming week is crucial as we have 3 Bayer Rules getting activated on 17th April.

Bayer Rule 7: Market changes occur when Venus or Mars goes over its Aphelium Perihelium (Geocentric).

Bayer Rule 8: Market moves, mostly on the upside, occur when Venus goes over its Perihelium (Heliocentric).

Bayer Rule 30: Trend changes occur when Venus in declination passes the extreme declination of the Sun.

Bayer Rule 31: Trend changes occur when Venus in declination reaches an extreme beyond 23 degrees 26 minutes 51 seconds.

In addition, there will be a Solar Eclipse and New Moon on 20th April. Astro analysis can help identify trends and reversals in the market, and it can be used in combination with other technical analysis methods to improve the accuracy of trading strategies. Gann analysis involves studying charts and identifying support and resistance levels to pinpoint potential trading opportunities.


BANK Nifty Harmonic Pattern


42200-42300 Crucial Zone of Resistance unable to cross can lead to fall towards 41785/41579

BANK Nifty Gann Angles

Price is broken 4×3 Gann Angle

Planetary Cycles and BANK Nifty Movements

Price has broken the resistance zone heading higher towards 42800 till able to hold 42000. 

BANK Nifty Supply and Demand

Self Explanatory Chart

BANK Nifty Time Analysis Pressure Dates

17/20 April is the Important Gann/Astro Date for coming week.

BANK Nifty Weekly Chart

Price is back to Weekly Resistance zone. 

BANK Nifty Monthly Charts

42070-42130 is Monthly Resistnace zone. 

BANK Nifty Weekly Chopad Levels

BANK Nifty Trend Deciding Level: 42113

BANK Nifty Resistance: 42317,42521,42725,42928

BANK Nifty Support: 41990,41785,41579,41374,41169

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.

Leave a Reply