Bank Nifty Weekly Forecast for November Expiry

Last Week we gave Chopad level of 26320 Bank Nifty short triggered  did 2 target on downside and high made was on 19 Nov our time cycle date. Lets see how we trade Nifty in coming week as we approach time cycle date of 19 Nov.

Bank Nifty Harmonic Pattern

 

ABCD Harmonic Pattern was formed till we are below 26100 target on downside highlighted in above chart.

Supply and Demand Analysis

 

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Bullish above 26100 for a move towards26320/ 26500/26832  Bearish below 26000 for a move back to 25800/25500.

Gann Angles

Trading between gann angle

 

Bank Nifty Gann Dates

Bank Nifty As per time analysis 26/29 Nov is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was negative week, with the Bank Nifty down by 246 points  closing @26000 .As discussed in last analysis Coming week is very crucial as important time cycle date of 23 Nov is coming Bullish above 26320 for a move towards 26500/26832  Bearish below 26000 for a move back to 25800/25500.

None of target of done, Coming week is very crucial as important time cycle date of 26 Nov is coming Bullish above 26100 for a move towards26320/ 26500/26832  Bearish below 26000 for a move back to 25800/25500.

Bank Nifty Monthly

 

As discussed in last analysis whole of November Month Bulls close above 26320 for bullish trend to continue towards 26500/26600. Any break of 26000 can see fast fall towards 25800/25500.

Closed at 26000 below it can see fast fall towards 25800/25500.

 

 

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:25920

Bank Nifty Resistance:26100,26270,26500

Bank Nifty Support:25784,25656,25496

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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