In 2023, BANK NIFTY witnessed a robust performance with approximately a 12% increase. Bank Nifty soared by 5305 points, reaching the 48292 trading near its All time High.
This impressive rally was fueled by consistent domestic mutual fund inflows, a resurgence in foreign buying, better-than-expected economic growth, and strong corporate earnings.
As the financial landscape looks ahead to 2024, the crucial question on traders’ and investors’ minds is whether this euphoria will persist. Several market experts have shared their insights on this pivotal topic, shedding light on the potential trajectory of the Indian stock market.
- Saturn will spend the full year in the sign of Aquarius.
- Rahu will transit in Pisces for the entire year, with no change in the zodiac sign.
- When Jupiter transits to Taurus in May, the economy faces a crisis as Saturn and Jupiter form a square. Inflation will rise significantly ,impacting the economy even more. The relationship between Jupiter and Saturn influences the global financial climate.
Below is detailed analysis on BANK Nifty based on various technical analysis techniques. Last Year Analysis
BANK NIFTY Yearly Chart
BANK NIFTY Elliot Wave Analysis
BANK NIFTY GANN CHART
BANK NIFTY Harmonic Analysis
BANK Nifty Projected Price and Time Pattern based on Neural Forecast
Below is Neural Forecast for 2024, It is not a FOOLPROOF Technique and its works 60-65% of time. So Please do not take aggresive trade without SL.
Important Pressure Dates as per Gann and Astro Analysis :