As Discussed in Last Week Analysis Bank NIFTY Trend Deciding Level 51196 with Mercury retrograde showing its impact.
Coming Week Market will react to hindenburg research report on SEBI chief which can lead to systematic problem in stock market and Mercury changing house and Bayer Rule 6: The price is in bottom when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees and “RULE NO. 38 MERCURY LATITUDE HELIOCENTRIC Some mighty fine tops and bottoms are produced when Mercury in this motion passes the above mentioned degrees” so another week of volatile move can be seen.
15 Aug is trading holiday.
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
49200 is the current PRZ Zone for ABCD pattern.
Bank Nifty Gann Angles
Price has broken rising gann angle forming triangle suggesting price is ready for a move towards 1×2 gann angle towards 49200-49500.
Bank Nifty Supply and Demand
Self Explanatory Chart
Bank Nifty Time Analysis Pressure Dates
13 August is the Important Gann/Astro Date for coming week.
Bank Nifty Weekly Chart
Price has formed Weekly Doji on AF support line.
Bank Nifty Monthly Charts
51800 is Monthly Resistance zone 50208 is Monthly Support zone.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level: 50327
Bank Nifty Resistance: 50550,50773,50996,51219,51441
Bank Nifty Support: 50104,49881,49659,49444
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.