Last Week we gave Chopad of 31150 Bank Nifty did 2 target on Upside and got Stopped out on downside so average week for chopad followers. Lets Analyze how to trade in coming week as we have important time cycle date of 26 Nov..
Bank Nifty Harmonic Pattern
Till we are below 30551 bears can see a fall toawrds 30700/30500.
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Coming week Bulls need to move above 31200 for a move back to 31500/31718/32000. Bearish below 31000 for a move back to 30851/30500/30225/30000.
Gann Angles
Facing lot of resistance at gann angle, unable to close above it fall towards 30500/30000.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 26 Nov is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
Coming week Bulls need to move above 31200 for a move back to 31500/31718/32000. Bearish below 31000 for a move back to 30851/30500/30225/30000.
Bank Nifty Monthly
Bank Nifty Bears need to close below 31200 for fall towards 30700/30500/30225/30000.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:31200
Bank Nifty Resistance: 31420,31700,32000
Bank Nifty Support:31000,30851,30500.
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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