Bank Nifty 07-11 October 2024:Key Levels and Weekly Trading Strategy

By | October 6, 2024 9:49 pm

Below are Astro Events coming in following week.  Last Week we saw impact of Sun Eclipse and Double Lunar Date coming week seems to be very exciting again as Jupiter and Mercury are again showing important astro event.

  • Jupiter Declination
  • Mercury Declination
  • Jupiter Retrograde
  • Pluto Decliantion

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

Price is back to C point of ABCD pattern.

Bank Nifty Gann Angles

Price is back to its 4×3 gann angle support zone.

Bank Nifty Supply and Demand

Self Explanatory Chart

Bank Nifty Time Analysis Pressure Dates

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

Bank Nifty Weekly Chart

Price has done the biggest fall in 2024. 

Bank Nifty Monthly Charts

52604 is Monthly Resistance zone 50742 is Monthly Support zone. 

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level: 51573

Bank Nifty Resistance: 51800,52027,52253,52480,52706,52933

Bank Nifty Support: 51347,51000,50756,50527

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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