As Discussed in Last Week AnalysisTrend Deciding Level 50550 Bank Nifty had a voaltile move with Bayers Rule showing its impact. Coming week we Monthly Expiry and Mercury Turning Direct so another big move will be seen.
Below are astro events coming in following week.
- Bayer Rule 2: Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to Big Move
- Venus Trine Uranus– Key Dates Imp for Global Market
- Moon Conjunct Mars
- Bayer Rule 1: The trend changes when Mercury changes its direction
- Bayer Rule 14: VENUS MOVEMENTS IN GEOCENTRIC LONGITUDE USING A UNIT OF 1*9’13
- Venus Declination
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
Bulls need move above 51000 to move towards 51668/52000.
Bank Nifty Gann Angles
Price is bouncing from 1×2 gann angle, above 51000 to move towards 51668/52000..
Bank Nifty Supply and Demand
Self Explanatory Chart
Bank Nifty Time Analysis Pressure Dates
28 August is the Important Gann/Astro Date for coming week.
Bank Nifty Weekly Chart
Price has formed higher high on weekly chart after 2 Doji
Bank Nifty Monthly Charts
51800 is Monthly Resistance zone 50208 is Monthly Support zone.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level: 50956
Bank Nifty Resistance: 51180,51404,51629,51853
Bank Nifty Support: 50732,50507,50283,49987
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.