Bank Nifty 28-31 October 2024:Key Levels and Weekly Trading Strategy

By | October 27, 2024 4:56 pm

Below are Astro Events coming in following week.  28 Oct Is very important date as its confluence of astro and gann time cycle.

  • Bayer Rule 9: Big changes on market are when Mercury passes over 19 degrees 36 minutes of Scorpio and Sagittarius,also over 24 degrees 14 minutes of Capricorn.
  • Mars Trine Neptune
  • Venus Square Saturn
  • Mercury Opposition Uranus
  • Bayer Rule 7: There are changes on market when Venus or Mars goes over its Aphelium Perihelium (Geocentric).
  • Mercury Trine Neptune
  • Venus Aphelion

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 holding 50100 Alternate AB=CD low can see a move towards 51511/51820

Bank Nifty Gann Angles

Price just closed at its its 1×2 gann angle support zone.

Bank Nifty Supply and Demand

Self Explanatory Chart

Bank Nifty Time Analysis Pressure Dates

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

Bank Nifty Weekly Chart

Price has formed Weekly Outside Bar suggesting Reversal on Weekly Chart.

Bank Nifty Monthly Charts

52604 is Monthly Resistance zone 50742 is Monthly Support zone. 

Bank Nifty Weekly Levels

Bank Nifty Trend Deciding Level: 50871

Bank Nifty Resistance: 51098,51326,51554,51781

Bank Nifty Support: 50643,50416,50188,49961

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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