Bank Nifty Weekly Analysis During RBI Policy Week: Insights for Traders

By | August 6, 2023 1:02 pm

Last Week we gave  Chopad Level of 45292 Bank Nifty Bears did 3 target on downside so Excellent Week for  Chopad followers. Coming Week we have we have multiple Astro dates and RBI Policy meet Outcome on 10 AUg 2023, So Exciting Week Ahead

  • Venus Declination
  • JUpiter Square Sun
  • Bayer Rule 6: The price is in bottom when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees.
  • Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes.
  • Mercury Trine Jupiter
  • Venus Square Uranus

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

Till 44250 is held price can rally towards 45356

Bank Nifty Gann Angles

Price has broken out of 4×3 gann angles heading lower towards 44000/43500 once below 44659

Planetary Cycles and Bank Nifty Movements

Price is back to of Mercury Plannetary line support.

Bank Nifty Supply and Demand

Self Explanatory Chart

Bank Nifty Time Analysis Pressure Dates

07/10 Aug  is the Important Gann/Astro Date for coming week.

Bank Nifty Weekly Chart

Lower  Low on Weekly Chart with support at 43474

Bank Nifty Monthly Charts

O=H on MOnthly chart 46215 is Monthly Resistnace zone 44393 is Support zone. 

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level: 44926

Nifty Resistance: 45140,45354,45568,45782

Nifty Support: 44712,44498,44285,44074

Levels mentioned are 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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