Bank Nifty Weekly Forecast for 03-07 Dec

By | December 2, 2018

Last Week we gave Chopad level of 25920 Bank Nifty made low of 26025 did not trigger our chopad level for whole week. Lets see how we trade Nifty in coming week as we approach time cycle date of 03 Dec.

Bank Nifty Harmonic Pattern

 

No Valid Harmonic Pattern Observed.

 

Supply and Demand Analysis

 

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Bullish above 27000 for a move towards 27220/ 27340/27532  Bearish below 26920 for a move back to 26800/26666/26500.

Gann Angles

Bounced from lower end of gann angle  breakout above 27000.

 

Bank Nifty Gann Dates

Bank Nifty As per time analysis 03/06 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 863 points  closing @26863 .As discussed in last analysis Coming week is very crucial as important time cycle date of 26 Nov is coming Bullish above 26100 for a move towards26320/ 26500/26832  Bearish below 26000 for a move back to 25800/25500.

All Bullish target done,Now Bulls need to close above 27000 for a move back to 27225/275000. Bearish below 26820 for a move back to 26663/26500.

Bank Nifty Monthly

 

For December Month Bank Nifty Bulls need a close above 27000 for Bulls to continue the rally towards 280000. Bearish below 26500 for a move back to 26000/25500 for Dec month.

 

 

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:26920

Bank Nifty Resistance:27060,27220,27455

Bank Nifty Support:26800,26666,26496

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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