Bank Nifty Weekly Forecast after Ayodhya Verdict

Last Week we gave Chopad of 30500 Bank Nifty did 2 target on Upside so awesome week for chopad followers. Coming week market will react to Ayodha Verdict and trading holiday on 12 Nov.

Bank Nifty Harmonic Pattern

Till we are holding 30050 we can rally towards 32k.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Coming week Bulls need to move above 30820 for a move back to 31000/31230/31500/31718. Bearish below 30600 for a move back to 30225/30000/29777/29500.

Gann Angles

Going in Resistance zone of 30800-31000. Above it move towards new high.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 11/14 Nov  is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

Coming week Bulls need to move above 30820 for a move back to 31000/31230/31500/31718. Bearish below 30600 for a move back to 30225/30000/29777/29500.

Bank Nifty Monthly

Bank Nifty Bulls need to close above 30500 for rally towards 31100/31700

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:30820

Bank Nifty  Resistance: 31000,31234,31500,31800

Bank Nifty Support:30600,30150 ,30000

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.

Want to see post in your Inbox,Register by adding your email id in Post in your Inbox section

Follow on Facebook during Market Hours:  https://www.facebook.com/pages/Brameshs-Tech/140117182685863

Follow on Twitter during Market Hours:  https://twitter.com/brahmesh