Last Week Our Analysis Trend Change level was 49745 Bears got stopped out and Bulls were able to do all 2 on upside.
Coming week we have First Double Ingress of 2024 as discussed in below video and other important Astro events as disccused below which can lead to Big move in Bank Nifty
- Mercury Ingress
- Venus Ingress
- Sun Ingress
- Venus Conjunct Mercury
- Mercury Yod Venus
- Mercury Square Neptune
- “Bayer Rule 14: VENUS MOVEMENTS IN GEOCENTRIC LONGITUDE USING A UNIT OF 1*9’13””
- “Bayer Rule 21 (variation C):Strong moves within 5-8 days are when retrograde Venus makes a conjunction with retrograde Mercury. “
- Mercury Extreme Declination
- FULL MOON
- Summer Solstice
- Gann Embelem Date
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
50250/50500 is the current PRZ Zone for SHARK Pattern.
Bank Nifty Gann Angles
Price bounced from its gann angle suppoort zone of 1×2 gann angle.
Planetary Cycles and Bank Nifty Movements
Price bounced from it Jupiter Plannetary line support zone
Bank Nifty Supply and Demand
Self Explanatory Chart
Bank Nifty Time Analysis Pressure Dates
18/21 June is the Important Gann/Astro Date for coming week.
Bank Nifty Weekly Chart
Price is back above it AF Support zone.
Bank Nifty Monthly Charts
51257 is Monthly Resistance zone 48552 is Monthly Support zone.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level: 50000
Bank Nifty Resistance: 50216,50442,50667,50907,51133
Bank Nifty Support: 49766,49541,49316,49091,48866
Levels mentioned are Bank Nifty Spot
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.