NIFTY Weekly Analysis 21 May-24 May 2024

By | May 21, 2024 8:51 am

Last Week Our Analysis Trend Change level was    22009 Bears were able to do 1 target on dowside and Bulls were able to do all target on upside in Volatile trading week.

Coming week is very heavy  Astro week with lot of plannets forming aspect and Sun and Venus going Ingress as discussed below.

SUN Conjunct Jupiter
Venus Conjunct Uranus
MERCURY’S DAILY SPEED IN GEOCENTRIC LONGITUDE
Mars Conjunct North Node
Sun Ingress
JUPITER EARTH MAX DISTANCE
Venus Square Mercury HELIO
“RULE NO. 38 MERCURY LATITUDE HELIOCENTRIC Some mighty fine tops and bottoms are produced when Mercury in this motion passes the above mentioned degrees”
SUN Trine Pluto
Bayer Rule 6: The price is in bottom when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees.
FULL Moon
Venus Ingress
Venus Conjunct Jupiter
Jupiter 60 Neptune
Venus Sextile Neptune
“Bayer Rule 14: VENUS MOVEMENTS IN GEOCENTRIC LONGITUDE USING A UNIT OF 1*9’13””

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 is reacted from its 61.8% zone now 22520-222535  important range to cross for upmove to continue.

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 Support zone.

Nifty Supply and Demand

Self Explanatory Chart

Nifty  Time Analysis Pressure Dates

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

Nifty Weekly Chart

Price has formed Weekly Bullish Engulfing and bounced from AF support zone.

 Nifty Monthly Charts

22527 is Monthly resistance  zone 22300 is Support zone. 

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level: 22527

Nifty Resistance: 22598,22672,22747,22810,22888

Nifty Support: 22449,22375,22300,22226,22151

Levels mentioned are Nifty Spot

As always I wish you maximum health and trading success

Leave a Reply