Bank NIFTY Weekly Analysis 06 May-10 May 2024

By | May 5, 2024 9:18 pm

Last Week Our Analysis Trend Change level was  48392 Bulls were able to do all  target on upside.

Coming week we have again a combination of Astro and Gann Date Confluence so another volatile week is coming.

  • Moon Declination
  • New Moon
  • Moon Perigee
  • Bayer Rule 7: There are changes on market when Venus or Mars goes over its Aphelium Perihelium (Geocentric).
  • 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.
  • Lunar Eclipse Degree Calculation

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 PRZ zone of 50000.

Bank Nifty Gann Angles

Price formed an Outside Bar Pattern,and closed below time cycle low. 

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

06/09 May is the Important Gann/Astro Date for coming week.

Bank Nifty Weekly Chart

Price has formed a new life time high, but failed to close above 49000.

Bank Nifty Monthly Charts

48650 is Monthly Resistance zone 50271  is Monthly Support zone. 

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level: 48939

Bank Nifty Resistance: 49162,49385,49607,49974

Bank Nifty Support: 48716,48494,48271,48048,47825

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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