Bank Nifty Weekly Forecast for 02-06 Dec

Last Week we gave Chopad of 31200 Bank Nifty did all 3 target on Upside  so Excellent week for chopad followers. Lets Analyze how to trade in coming week.

Bank Nifty Harmonic Pattern

PRZ done around 32100 now bears need to break 31700 for a move back to 31300/31000.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Coming week Bulls need to move above 32000 for a move back to 32150/32385/32600. Bearish below 31700 for a move back to 31500/31225/31000.

Gann Angles

Breakout above Gann Angle bears need close below 31700 for a failed breakout else rally to continue above 32000 for a move towards 32500/32728.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 02 Dec is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

Coming week Bulls need to move above 32000 for a move back to 32150/32385/32600. Bearish below 31700 for a move back to 31500/31225/31000.

Bank Nifty Monthly

Bank Nifty Bears need to close below 31700 for fall towards 31300/31000.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:32000

Bank Nifty  Resistance: 32150,32385,32610

Bank Nifty Support:31750,31500,31278

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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