Bank Nifty 23-28 Oct 2023 Weekly Analysis

By | October 22, 2023 10:56 pm

Last Week We gave Chopad Level of44226 Bears did were able to do all target on upside, so excellent weak for chopad Followers.  Coming Week market will see Impact of Double Ingress of Sun and Merucry with Monthly Expiry and 1 trading holiday on 24 Oct for Dusheera.

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

Price is heading towards 43200 till its holding below  44300 zone.

Bank Nifty Gann Angles

Price has not caputured   1×1 Gann Angle eading towards 1×2 angle around 43000-43200.

Planetary Cycles and Bank Nifty Movements

Price has broken  Jupiter Plannetary line support.

Bank Nifty Supply and Demand

Self Explanatory Chart

Bank Nifty Time Analysis Pressure Dates

23/26 Oct is the Important Gann/Astro Date for coming week.

Bank Nifty Weekly Chart

Price has broken last week  Weekly Outside Bar on downside and trading below   20 SMA heading towards 50 SMA@43000.

Bank Nifty Monthly Charts

44022-44100 is Monthly Resistnace zone 43200-43289 is Support zone. 

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level: 43653

Bank Nifty Resistance: 43864,44076,44287,44500,44710

Bank Nifty Support: 43441,43230,43019,42824,42666

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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