Impact of RBI December 2024 Policy on Nifty Trends: Weekly Forecast for Traders

By | December 1, 2024 9:45 pm

Below are astro events coming in following week. The upcoming week will be very crucial, as markets will react to key economic data and events GDP Numbers Auto Sales Data and RBI Policy Announcement.

  • New Moon
  • Gann Embelem Date
  • Bayer Rule 31: The trend changes when Venus in declination reached an extreme beyond 23 degrees 26 minutes 51 seconds.
  • 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.
  • SUN Square Saturn
  • Mercury Opposition Jupiter
  • Bayer Rule 22: The trend changes if retrograde Mercury passes over the Sun. Sun Conjuct Rx Mer

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.

Nifty Harmonic Pattern

Price reacted from the PRZ zone of 23800 heading towards 24444-24500 zone.

Nifty Gann Angles

Price has closed above 3×4 gann angle support zone till above 3×4 zone heading towards its all time high of 26277.

Nifty Supply and Demand

Self Explanatory Chart

Nifty  Time Analysis Pressure Dates

02/05 December is the Important Gann/Astro Date for coming week.

Nifty Weekly Chart

Price has formed a Weekly DOJI suggesting pause in current uptrend and trend can resume from next week once above last week high.

Nifty Monthly Charts

24729 is Monthly resistance  zone 23550 is Support zone. 

Nifty Weekly Levels

Nifty Trend Deciding Level: 24182

Nifty Resistance: 24259,24336,24414,24491,24555

Nifty Support: 24105,24027,23950,23873,23800

Levels mentioned are Nifty Spot

As always I wish you maximum health and trading success

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