2024 Iranian strikes in Israel : BANK NIFTY Weekly Analysis 15 April- 19 April 2024

By | April 14, 2024 11:05 pm

Last Week Our Analysis Trend Change level was  48586

Bulls were able to do 2 target on upside.

For the first time Iran has possibly directly attacked Israel. State of War. Iran have launched drones and ballistic missiles towards Israel to attack military targets per U.S. and Israeli officials to Axios. When all are short volatlity, a significant volatility shock can be brutal.

Coming week we are seeing Multiple Astro Events as discussed below, We also have Trading Holiday on 17 April.

Bayer Rule 6: The price gives big move when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees.

“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’”

Bayer Rule 22: The trend changes if retrograde Mercury passes over the Sun. Sun Conjuct Rx Mer


Venus Bi-Quintile Uranus

Sun Bi-Quintile Uranus

Gann Squaring from 20-03-2024

Solar Eclipse 180 Degree Date 14-04

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 has reacted from the SHARK PRZ Zone of 49015.

Bank Nifty Gann Angles

Price has closed below its previous day low suggesting reversal as per gann studies.

Planetary Cycles and Bank Nifty Movements

Price reacted from Jupiter Plannetary line resistance zone.

Bank Nifty Supply and Demand

Self Explanatory Chart

Bank Nifty Time Analysis Pressure Dates

15/19 April is the Important Gann/Astro Date for coming week.

Bank Nifty Weekly Chart

Price has formed a Weekly Gravestone Doji 

Bank Nifty Monthly Charts

47444 is Monthly Resistance zone 46039 is Monthly Support zone. 

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level: 48392

Bank Nifty Resistance: 48614,48835,49057,49225,49555

Bank Nifty Support: 48171,47950,47728,47507,47285

Levels mentioned are Bank Nifty Spot

As always I wish you maximum health and trading success

As always I wish you maximum health and trading success

As always, it’s essential to closely monitor market movements and make informed decisions based on a well-thought-out trading plan and risk management strategy. Market conditions can change rapidly, and it’s crucial to be adaptable and cautious in your approach.

Trade smartly and safely.
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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