Nifty Weekly Analysis: May Monthly Expiry Insights and Trends

By | May 22, 2023 7:46 am

Last Week we gave Chopad Level of 18254 Bulls were able to achieve 2 target on the 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.


Nifty Harmonic Pattern

18400-18439  is Crucial Zone of Resistance unable to cross can lead to fall towards 17950/17845 as we have completed ABCD pattern.

Nifty Gann Angles

Price has takem support at 1×2 gann angle

Planetary Cycles and Nifty Movements

Price is  near the Support zone  of the Mercury Plannetary line.

Nifty Supply and Demand

Self Explanatory Chart

Nifty Time Analysis Pressure Dates

22/24 May  is the Important Gann/Astro Date for coming week.

Nifty Weekly Chart

Price is near resistance zone on Weekly Chart.

Nifty Monthly Charts

18500 is Monthly Resistnace zone 18134 is Support zone. 

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level: 18187

Nifty Resistance: 18255,18321,18389,18439,18512

Nifty Support: 18118,18050,17982,17915,17847

Levels mentioned are Nifty Spot

As always I wish you maximum health and trading success

Leave a Reply