Bank Nifty Weekly Forecast for 17-21 Dec

Last Week we gave Chopad level of 26500 Bank gave a Long trade on Wednesday did all 2 target on upside, so excellent week for Chopad Followers. Lets see how we trade Nifty in coming week as we approach time cycle date of 17/20 Dec.

Nifty Bank Nifty Time Cycle 20 Dec and 29 Dec Video

 

 

Bank Nifty Harmonic Pattern

Bank Nifty Bulls need to close above 26920 for pattern to complete target till 27300

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Bullish above 26920 for a move towards 27000/27220/ 27340/27532  Bearish below 26500 for a move back to 26250/26000/25920/25784

Gann Angles

Took Resistance at higher end of gann angle, Breakout above 2700 Breakdown below 26500.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 17/20 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 231 points  closing @26826  .As discussed in last analysis Now bulls need to close above 26666 in case of any gap down due to exit poll/election results for up move towards 26800/27000/27220/ 27340/27532 . Bearish below 26500 for a move back to 26250/26000/25920/25784.

All Bearish target done. For coming week Bullish above 26920 for a move towards 27000/27220/ 27340/27532  Bearish below 26500 for a move back to 26250/26000/25920/25784.

Bank Nifty Monthly

For December Month Bank Nifty Bulls need a close above 27000 for Bulls to continue the rally towards 280000. Bearish below 26500 for a move back to 26000/25500 for Dec month.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:26800

Bank Nifty  Resistance:26920,27200,27318

Bank Nifty Support:26600,26450,26250

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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