NIFTY Weekly Analysis 06 May-10 May 2024

By | May 5, 2024 9:24 pm

Last Week Our Analysis Trend Change level was    22473 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.

Nifty Harmonic Pattern

Price has corrected from PRZ zone of 22700 and closed below 22527.

Nifty Gann Angles

Price has unable to close above its 3×4 Gann Angle suggesting trend is Sell on Rise till we close above 22527.

Planetary Cycles and Nifty Movements

Price has reacted from  Mercury Plannetary line resistance zone.

Nifty Supply and Demand

Self Explanatory Chart

Nifty  Time Analysis Pressure Dates

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

Nifty Weekly Chart

Price has formed Weekly DOJI.

 Nifty Monthly Charts

22775 is Monthly Resistnace zone 22388 is Support zone. 

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level: 22492

Nifty Resistance: 22568,22643,22719,22800

Nifty Support: 22417,22341,22266,22190,22108

Levels mentioned are Nifty Spot

As always I wish you maximum health and trading success

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