The following astrological events are lined up for the upcoming week, indicating the potential for heightened market volatility, especially after Friday’s wild move:
- Full Moon
- Mercury Turning Direct
- Mercury Extreme Declination
- Bayer’s Rule No. 38:“Some mighty fine tops and bottoms are produced when Mercury, in this motion, passes the mentioned degrees.”
- Moon Conjunct Mars
- Gann Emblem Date
These events suggest that the market could witness sharp reversals and increased momentum. Combining astrological insights with technical analysis can help traders identify key opportunities during this period of expected volatility.
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 53000 Alternate AB=CD low can see a move towards 54000/54500.
Bank Nifty Gann Angles
Price just closed above its its 4×3 gann angle resistance zone.
Bank Nifty Supply and Demand
Self Explanatory Chart
Bank Nifty Time Analysis Pressure Dates
16 December is the Important Gann/Astro Date for coming week.
Bank Nifty Weekly Chart
Price has formed a Weekly Inside Bar above AF zone.
Bank Nifty Monthly Charts
54500 is Monthly Resistance zone 53281 is Monthly Support zone.
Bank Nifty Weekly Levels
Bank Nifty Trend Deciding Level: 53540
Bank Nifty Resistance: 5376953999,54229,54459,54689
Bank Nifty Support: 53310,53080,52850,52555,52250
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.