BANK NIFTY Weekly Projections for 18 June – 21 June 2024

By | June 17, 2024 4:51 pm

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 21 (variation C):Strong moves within 5-8 days are when retrograde Venus makes a conjunction with retrograde Mercury. “
  • Mercury Extreme Declination
  • 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.

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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