US Fed Meet :Bank Nifty Weekly Analysis for 12-16 June 2023

By | June 11, 2023 7:14 pm

Last Week we gave Chopad Level of  44076 Bank Nifty Bulls got Stopped out and Bears also got Stopped  . It was an Bad week for Chopad followers. Coming Week we have we have Multiple Astro Date coming involving Outer Plannet as discussed below

  • Pluto Ingress
  • Mercury INgress
  • Lunar Node Ingress
  • Bayer Rule 5:Mercury Retrograde Zodical Position of One Year
  • Bayer Rule 6: The price is in bottom when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees.
  • Saturn Retrograde

We will have US Fed Meet and INflation data in coming week can add voaltlity in the market after almost quiet last week.

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 near a crucial juncture and unable to close above 44151 last swing high. SHould see an impulsive move based on price and time cycles.

Planetary Cycles and BANK Nifty Movements

Price is between support and resistance zone of Jupiter Planneatry line

BANK Nifty Supply and Demand

Self Explanatory Chart

BANK Nifty Time Analysis Pressure Dates

12/15 June is the Important Gann/Astro Date for coming week.

BANK Nifty Weekly Chart

Price has broken out of Weekly Resistance zone formed a Weekly DOJI and Inside Bar Candelstick Pattern. 

BANK Nifty Monthly Charts

43651 is Monthly Support zone. 44719 is Monthly Resistance

BANK Nifty Weekly Chopad Levels

BANK Nifty Trend Deciding Level: 44076 

BANK Nifty Resistance: 44287,44498,44666,44848,49000

BANK Nifty Support: 43865,43654,43443,43232,43022

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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