Bank Nifty Weekly Forecast for 04-08 Feb

By | February 3, 2019

Last Week we gave Chopad level of 27225  Bank Nifty gave Long on Thursday  we were able to do 2 target on Upside so average week for Chopad Followers. Lets see how we trade Bank Nifty in coming week as we approach time cycle date of 04 Feb.

Bank Nifty Positional Trend Following Trading Strategy

Bank Nifty Harmonic Pattern

Till we are holding 27000 target 27900.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Bullish above 27200 for a move towards  27360/2755527648/27792/27936/28100  Bearish below 27000 for a move back to 26920/26785/26500.

Gann Angles

Took Resistance at higher end of gann angle, Breakout above 27500 Breakdown below 27300.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 04 Feb is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was negative week, with the Bank Nifty down by 29 points  closing @27085 .As discussed in last analysis Bullish above 27504 for a move towards  27648/27792/27936/28100  Bearish below 27350 for a move back to 27100/26920/26785/26500

All Bearish target done. For coming week Bullish above 27200 for a move towards  27360/2755527648/27792/27936/28100  Bearish below 27000 for a move back to 26920/26785/26500.

Bank Nifty Monthly

For Jan Month Bank Nifty Bulls need a close above 27333 for Bulls to continue the rally towards 28000. Any close below 27000 for a quick move towards 26750/26500/26250.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:27190

Bank Nifty  Resistance:27360,27555,27784

Bank Nifty Support:27055,26920,26784

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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