Bank Nifty Weekly Forecast 08-12 Jan 2024

By | January 7, 2024 11:48 pm

Bank Nifty has formed a Weekly DOJI with Inside Bar and we are approqaching 08 Jan as Gann Aniversay date so next week should be an exiting move.

Coming Week we have multiple Bayers rule and Astro events involving Jupiter and Mercury  so another Voaltile  week coming ahead.

  • Mercury Square Neptune
  • Mars Declination
  • Venus Bi-Quintile Jupiter
  • Mercury Bi-Quintile Uranus
  • SUN Trine Uranus
  • Mercury Bi-Quintile North Node
  • 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.

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 48500 is not broken Bearish SHark Pattern can get activated for a fall towards 47500/47000.

Bank Nifty Gann Angles

Price is back to  3×4  Gann Angle and completed 199 bars from 16 March Low.

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

08/11 Jan is the Important Gann/Astro Date for coming week.

Bank Nifty Weekly Chart

Price has formed weekly doji and inside bar.

Bank Nifty Monthly Charts

49775 is Monthly Resistance zone 47153is Support zone. 

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level: 48135

Bank Nifty Resistance: 48353,48570,48788,49006

Bank Nifty Support: 47917,47688,47481,47323,47108

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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