Mars Ingress Explained: Impact on Bank Nifty | Weekly Analysis (6-10 Jan 2024)

By | January 6, 2025 8:16 am

The following astrological events are lined up for the upcoming week:

  • Mars Ingress
  • Mercury Ingress
  • Moon Declination
  • Mercury Square North Node
  • Solar Eclipse Degree Date
  • “Rule No. 38: Mercury Latitude Heliocentric: Some mighty fine tops and bottoms are produced when Mercury, in this motion, passes the above-mentioned degrees.”

These events suggest that the market could witness sharp reversals and increased momentum. Combining astrological insights with technical analysis may help traders identify key opportunities during this period of heightened 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 is still near its PRZ zone holding 50555 can continue its uptrend

Bank Nifty Gann Angles

Price is back to its 1×1 gann angle support zone.

Bank Nifty Supply and Demand

Self Explanatory Chart

Bank Nifty Time Analysis Pressure Dates

06 Jan is the Important Gann/Astro Date for coming week.

Bank Nifty Weekly Chart

Price has formed a Weekly Outside Bar.

Bank Nifty Monthly Charts

51782 is Monthly Resistance zone 49677 is Monthly Support zone. 

Bank Nifty Weekly Levels

Bank Nifty Trend Deciding Level: 50934

Bank Nifty Resistance: 51159,51383,51606,51833

Bank Nifty Support : 50709,50485,50225,50001

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.

One thought on “Mars Ingress Explained: Impact on Bank Nifty | Weekly Analysis (6-10 Jan 2024)

  1. Ajay

    Sir, earlier you used to write daily analysis and levels of Nifty and Banknifty. But now it has stopped. When will you resume?

    Reply

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