Last Week we gave Chopad Level of 17641 Bears were stopped out, and bulls were able to achieve the 3rd target on the upside. It was an average 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.
Nifty Harmonic Pattern
17826-17850 Crucial Zone of Resistance unable to cross can lead to fall towards 17622/17512
Nifty Gann Angles
Price has broken the gann angle 1×2 and also complete 90 trading days from 01 Dec Swing High.
If a price is rising for 9 consecutive day’s at a stretch, then there is a high probability of a correction for 5 consecutive days. (Ratio is 9:5)
Planetary Cycles and Nifty Movements
Price is in the middle of resistance zone of the Mercury Planetary .
Nifty Supply and Demand
Self Explanatory Chart
Nifty Time Analysis Pressure Dates
17/20 April is the Important Gann/Astro Date for coming week.
Nifty Weekly Chart
Price Back to Weekly Resistance zone.
Nifty Monthly Charts
17845 is Monthly Resistnace zone.