Bank Nifty Weekly Forecast for 12-16 Nov

By | November 11, 2018

Last Week we gave Chopad level of 25730 Bank Nifty gave Short entry which got Stop out ,Long failed to do any target on upside , so bad week for chopad followers.Lets see how we trade Bank nifty in coming week as we approach time cycle date of 13 Nov.

Bank Nifty Harmonic Pattern

 

No Valid Harmonic Pattern Observed.

 

Supply and Demand Analysis

 

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Bullish above 25800 for a move back to 25920/26056/26225. Bearish below 25600 for a move back to 25500/25344/25225/25100

Gann Angles

Again Bounced from gann angle support.

 

Bank Nifty Gann Dates

Bank Nifty As per time analysis 13/16 Nov is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was positive week, with the Bank Nifty up by 69 points  closing @25771 .As discussed in last Analysis For coming week Bank Nifty Bulls need to close above 25730 for upmove to continue towards 25920/26100/26300. Bearish below 25500 for a move towards 25250/25100. 05 Nov very important trend change date.

Coming week is very crucial as important time cycle date of 3 Nov is coming Bullish above 25730 for a move towards 25920/26100  Bearish below 25600 for a move back to 25500/25350/25125.

Bank Nifty Monthly

 

For whole of November Month Bulls hold to 25700 for bullish trend to continue towards 26000/26300. Any break of 25600 can see fast fall towards 25250/25000.

 

 

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:25700

Bank Nifty Resistance:25920,26100,26327

Bank Nifty Support:25550,25280,25100

Levels mentioned are Bank Nifty Spot

Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict Sl.Please also read the detailed Disclaimer mentioned in the Right side of Blog.

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