Bank Nifty 30 Sep-04 Oct 2024 Key Levels and Weekly Trading Strategy

By | September 30, 2024 7:00 am

Below are Astro Events coming in following week. We have trading holiday in coming week.

  • Sun Conjunct Mercury — Key Turning Point and Impornt for currencies
  • Mercury Declination- Very Important Astro event
  • Mars Trine Saturn–Bearish/Imp for Currencies
  • Bayer Rule 6: The price is in bottom when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees.
  • “Bayer Rule 33: Moves are when Mars in Geocentric longitude passes over 16 degrees 55 minutes 46 seconds. “
  • Solar Eclipse

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


ABCD pattern is activated with price  heading toward 55555 till holding 53000.

Bank Nifty Gann Angles

Price has formed a reversal pattern on daily and need a close below 53729 else we will see a rally back to all time high.

Bank Nifty Supply and Demand

Self Explanatory Chart

Bank Nifty Time Analysis Pressure Dates

03 October is the Important Gann/Astro Date for coming week.

Bank Nifty Weekly Chart

Price has formed weekly gravestone doji after big move 1 week before.

Bank Nifty Monthly Charts

54489 is Monthly Resistance zone 53187 is Monthly Support zone. 

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level: 53729

Bank Nifty Resistance: 53958,54189,54419,54649

Bank Nifty Support: 53498,53267,53037,52729,52555

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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