Mercury Retrograde 2023: How it Will Affect Bank Nifty, Weekly Forecast

By | April 23, 2023 9:00 pm

Last Week we gave Chopad Level of  42113 Bank Nifty Bears were able to do 2 target on downside, and bulls were able to achieve the 1 target on the upside. It was an Average week for Chopad followers. The upcoming week is crucial as we  have April Monthly Expiry will start seeing impact of Reliance and ICICI BANK Results and Mercury Retrograde 2023 and Lunar Cycle coming on 28 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


42500-42679 Crucial Zone of Resistance unable to cross can lead to fall towards 42036/41785/41579.

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

24/28 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

42000-41950  is Monthly Support zone.  4160041679 is Monthly Resistance

BANK Nifty Weekly Chopad Levels

BANK Nifty Trend Deciding Level: 42412

BANK Nifty Resistance: 42616,42821,43025,43230

BANK Nifty Support: 42207,42003,41799,41512

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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