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

By | April 23, 2023 6:00 pm

Last Week we gave Chopad Level of 17641  Bears were able to achieve the 3rd target on the downside . 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.

Nifty Harmonic Pattern

17826-17850 Crucial Zone of Resistance unable to cross can lead to fall towards 17622/17512/17326

Nifty Gann Angles

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) — 5 Days of fall is completed. 

Planetary Cycles and Nifty Movements

Price is  near the resistance zone  of the Mercury Planetary .

Nifty Supply and Demand

Self Explanatory Chart

Nifty Time Analysis Pressure Dates

24/28 April  is the Important Gann/Astro Date for coming week.

Nifty Weekly Chart

Price has formed Weekly Outside Bar which is Bearish sign.

Nifty Monthly Charts

17845 is Monthly Resistnace zone. 

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level: 17686

Nifty Resistance: 17752,17818,17885,17951

Nifty Support: 17595,17528,17462,17395,17328

Levels mentioned are Nifty Spot

As always I wish you maximum health and trading success

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