Bank Nifty Weekly Forecast for 02-05 May 2023

By | May 2, 2023 8:50 am

Last Week we gave Chopad Level of  42412 Bank Nifty Bulls were able to achieve the all  target on the Upside. It was an Excellent week for Chopad followers. Coming Week we have Bayer Rule 22: The trend changes if retrograde Mercury passes over the Sun. Sun Conjuct Rx Mer, Pluto Retrograde , Jupiter 51 Saturn “Bayer Rule 2: Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to Big Move “.

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


42800-43000 Crucial Zone of Support, Holding the same rally towards 43500/44000

BANK Nifty Gann Angles

Price is broken 4×3 Gann Angle heading towards 2×1

Planetary Cycles and BANK Nifty Movements

Price has back the resistance zone

BANK Nifty Supply and Demand

Self Explanatory Chart

BANK Nifty Time Analysis Pressure Dates

02 May is the Important Gann/Astro Date for coming week.

BANK Nifty Weekly Chart

Price has broken out of Weekly Resistance zone. 

BANK Nifty Monthly Charts

42800  is Monthly Support zone. 43400 is Monthly Resistance

BANK Nifty Weekly Chopad Levels

BANK Nifty Trend Deciding Level: 43462

BANK Nifty Resistance: 42688,43874,44080,44225,44555

BANK Nifty Support: 43256,43050,42844,42638,42432

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