NIFTY 16-20 December 2024 Trends: Weekly Forecast for Traders

By | December 15, 2024 3:03 pm

The following astrological events are lined up for the upcoming week, indicating the potential for heightened market volatility, especially after Friday’s wild move:

  1. Full Moon
  2. Mercury Turning Direct
  3. Mercury Extreme Declination
  4. Bayer’s Rule No. 38:“Some mighty fine tops and bottoms are produced when Mercury, in this motion, passes the mentioned degrees.”
  5. Moon Conjunct Mars
  6. 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.

Nifty Harmonic Pattern

Price reacted from the PRZ zone of 24200 heading towards 25000-25251 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

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

Nifty Weekly Chart

Price has formed a Weekly Inside Bar above AF zone.

Nifty Monthly Charts

25251 is Monthly resistance  zone 23977 is Support zone. 

Nifty Weekly Levels

Nifty Trend Deciding Level: 24685

Nifty Resistance: 24763,24841,24919,24999,25075

Nifty Support: 24607,24529,24451,24373,24295

Levels mentioned are Nifty Spot

As always I wish you maximum health and trading success

3 thoughts on “NIFTY 16-20 December 2024 Trends: Weekly Forecast for Traders

Leave a Reply