NIFTY Weekly Analysis 27 May- 31 May 2024

By | May 26, 2024 7:23 pm

Last Week Our Analysis Trend Change level was    22527 Bulls were able to do all target on upside and Nifty made a frsh all time high in a heavy astro week.

Coming week we have Monthly expiry and Jupiter Ingress so we can see a trend change as Jupiter being an outer plannet leads to trend changes as per past instances.

  • “Bayer Rule 2: Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to Big Move “
  • Jupiter Saturn Aspect
  • Mercury Conjunct Uranus

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 heading towards the completion of ABCD pattern in range of 23050-23100.

Nifty Gann Angles

Price has unable to close above its 3×4 Gann Angle.

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

27/31 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

23169 is Monthly resistance  zone 22527 is Support zone. 

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level: 22953

Nifty Resistance: 23028,23103,23178,23225,23300

Nifty Support: 22878,22802,22727,22652,22577

Levels mentioned are Nifty Spot

As always I wish you maximum health and trading success

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