Bank Nifty Weekly Forecast for 18-22 Nov

Last Week we gave Chopad of 30820 Bank Nifty did 1 target on Upside and 2 on downside so awesome week for chopad followers. Lets Analyze how to trade in coming week as Mercury goes retrograde.

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 31050 for a move back to 31230/31500/31718. Bearish below 30800 for a move back to 30500/30225/30000/29777/29500.

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 18/21 Nov  is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

Coming week Bulls need to move above 31050 for a move back to 31230/31500/31718. Bearish below 30800 for a move back to 30500/30225/30000/29777/29500.

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:31050

Bank Nifty  Resistance: 31230,31450,31710,31900

Bank Nifty Support:30850,30500,30225

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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