Bank Nifty Weekly Forecast 18-22 Dec 2023

By | December 17, 2023 6:09 pm

Last Week we gave Chopad Level of  47154 Bulls were able to do all target both on upside so excellent week for chopad followers.

Coming Week we have multiple Bayers rule so another exiciting week coming ahead.

  • Bayer Rule 6: The price is in top/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.
  • “RULE NO. 40 VENUS HELIOCENTRIC LATITUDE DIVIDED INTO PARTS 0*0’ 2*30’ 0*13’ 3*00’ 1*50’ 3*17’ 2*17’ 3*23’
  • Mercury at Perihelion
  • Winter Solstice

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 48650/49000  till holding above 47610.

Bank Nifty Gann Angles

Price is closed above 3×4 gann angle heading towards 48650/49000 till holding 47610.

Planetary Cycles and Bank Nifty Movements

Price is back to   Jupiter Plannetary line resistance zone.

Bank Nifty Supply and Demand

Self Explanatory Chart

Bank Nifty Time Analysis Pressure Dates

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

Bank Nifty Weekly Chart

Price has closed on Highest weekly close.

Bank Nifty Monthly Charts

48610 is Monthly Resistnace zone 47108 is Support zone. 

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level: 48164

Bank Nifty Resistance: 48382,48600,48818,49036,49254

Bank Nifty Support: 47946,47728,47510,47225,47000

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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