Last Week we gave Chopad level of 25700 Bank Nifty gave a short trade and did 1 target on downside and Long target on upside did 3 target. Lets see how we trade Nifty in coming week as we approach time cycle date of 19 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 26320 for a move towards 26500/26832 Bearish below 26000 for a move back to 25800/25500.
Again Bounced from gann angle support.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 19/23 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 474 points closing @26245 .Coming week is very crucial as important time cycle date of 23 Nov is coming Bullish above 26320 for a move towards 26500/26832 Bearish below 26000 for a move back to 25800/25500.
Bank Nifty Monthly
For whole of November Month Bulls close above26320 for bullish trend to continue towards 26500/26600. Any break of 26000 can see fast fall towards 25800/25500.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:26320
Bank Nifty Resistance:26500,26656,26800
Bank Nifty Support:26200,26000,25784
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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