Upcoming Astrological Events: Market Volatility Ahead
The following astrological events are lined up for the upcoming week:
- Mercury Ingress
- New Moon
- Jupiter Declination
- Uranus Declination
- Venus Declination
- Bayer Rule 9: Big changes in the market occur when Mercury passes over 19 degrees 36 minutes of Scorpio and Sagittarius, as well as over 24 degrees 14 minutes of Capricorn.
Traders’ Note:
These events suggest that the market could experience sharp reversals and heightened volatility. Combining astrological insights with technical analysis could help traders identify key opportunities during this period of potential turbulence.
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 can has completed its PRZ zone and now holding 48000 can see sharp reversal towards 49000/49500.
Bank Nifty Gann Angles
Price is back to its 1×2 gann angle support zone.
Bank Nifty Supply and Demand
Self Explanatory Chart
Bank Nifty Time Analysis Pressure Dates
28 Jan is the Important Gann/Astro Date for coming week.
Bank Nifty Weekly Chart
Price has formed multiple Doji on Weekly chart.
Bank Nifty Monthly Charts
49677 is Monthly Resistance zone 48494 is Monthly Support zone.
Bank Nifty Weekly Levels
Bank Nifty Trend Deciding Level: 48336
Bank Nifty Resistance: 48554,48773,48992,49211,49430,49649
Bank Nifty Support : 48008,47787,47556,47344,47123
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.