Bank Nifty Weekly Forecast for Diwali Week

Last Week we gave Chopad level of 24480  Bank Nifty gave Short entry which got Stopout ,Long on Monday gave all 3 target on Upside, so excellent week for chopad followers and as Low was also made on 29 Oct as per time cycle. Lets see how we trade Bank nifty in coming week as we approach Diwali Muhurat trading and Holiday on 08 Nov.

Wishing All Readers a Very Very Happy and Prosperous Diwali

Bank Nifty Harmonic Pattern

 

No Valid Harmonic Pattern Observed.

 

Supply and Demand Analysis

 

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

As discussed in last Analysis Now Bears need to break 24350 for a move towards24100/23920/ 23600. Bullish only above 24500 for a move 24650/24768/24920.

All Bullish target done, For coming week Bank Nifty Bulls need to close above 25730 for upmove to continue towards 25920/26100/26300. Bearish below 25500 for a move towards 25250/25100. 05 Nov very important trend change date.

Gann Angles

Again Bounced from gann angle support.

 

Bank Nifty Gann Dates

Bank Nifty As per time analysis 05 Nov is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was positive week, with the Bank Nifty up by 1280 points  closing @25701 .As discussed in last Analysis Coming week bank nifty bears need to break 24920 for a fall towards 24646/24500/24100. Bullish above 25225 for a move back to 25500/25784/25900. 23 Oct very important trend change date.

All Bullish target done, For coming week Bank Nifty Bulls need to close above 25730 for upmove to continue towards 25920/26100/26300. Bearish below 25500 for a move towards 25250/25100. 05 Nov very important trend change date.

Bank Nifty Monthly

 

For whole of November Month Bulls hold to 25285 for bullish trend to continue towards 26000/26300.

 

 

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:25730

Bank Nifty Resistance:25920,26100,26327

Bank Nifty Support:25500,25250,25100

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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