08 July-12 July 2024: BANK NIFTY Weekly Projections

By | July 7, 2024 2:32 pm

Last Week Our Analysis Trend Change level was  52258 Bulls were able to do all target on upside so excellent week for Chopad Followers

Coming week we have below Astro Events

  • Mercury Trine North Node
  • SUN Trine Saturn
  • Bayer Rule 7: There are changes on market when Venus or Mars goes over its Aphelium Perihelium (Geocentric).
  • Venus Ingress
  • Moon Declination
  • Moon Apogee
  • Solar Eclipse 90 Degree 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

53200 is the current PRZ Zone for SHARK Pattern price has reacted from that Heading towards 51000 till below 53000.

Bank Nifty Gann Angles


Price has reacted from 3×4 gann angle resistance zone.

Planetary Cycles and Bank Nifty Movements

Price heading towards Jupiter Plannetary line Support zone

Bank Nifty Supply and Demand

Self Explanatory Chart

Bank Nifty Time Analysis Pressure Dates

08/12 July is the Important Gann/Astro Date for coming week.

Bank Nifty Weekly Chart

Price has seen a big breakout on Weekly chart but unable to close above previous week suggesting distribution at upper end.

Bank Nifty Monthly Charts

53200 is Monthly Resistance zone 51257 is Monthly Support zone. 

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level: 52664

Bank Nifty Resistance: 52895,53126,53357,53666

Bank Nifty Support: 52433,52202,51971,51740,51509

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.

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