Bank Nifty Weekly Analysis: May Monthly Expiry Insights and Trends

By | May 22, 2023 6:54 am

Last Week we gave Chopad Level of  43696 Bank Nifty Bulls were able to achieve 1 target on the Upside and 1 target on downside . It was an Average week for Chopad followers. Coming Week we have Double Ingress of Mars,May Month Monthly expiry and Sun and market reaction to 2000 Rs Note demonetization so another exciting week coming.

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

43500-43600 Crucial Zone of Support, Breaking the same fall towards 42500/42000, Break of 44151 can rally can extend towards 44500/45000

BANK Nifty Gann Angles

Price is again broekn 4×3 Gann Angle heading towards 2×1

Planetary Cycles and BANK Nifty Movements

Price is back to resistance zone of Jupiter Planneatry line

BANK Nifty Supply and Demand

Self Explanatory Chart

BANK Nifty Time Analysis Pressure Dates

22/24  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

43347  is Monthly Support zone. 44708 is Monthly Resistance

BANK Nifty Weekly Chopad Levels

BANK Nifty Trend Deciding Level: 43949

BANK Nifty Resistance44157,44366,44575,44783

BANK Nifty Support: 43740,43531,43311,43107

Levels mentioned are BANK Nifty Spot

As always I wish you maximum health and trading success

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