Bank Nifty Weekly Forecast for 07-11 Jan

Last Week we gave Chopad level of 26800 Bank gave a Short trade on Monday did all 2 target on downside and Long on Wednesday did 1 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 08 Jan.

Bank Nifty Harmonic Pattern

  Till we are holding 27000 target 27900.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Bullish above 27225 for a move towards  27340/27532  Bearish below 26920 for a move back to 26784/26666/26500/26225

Gann Angles

Took Resistance at higher end of gann angle, Breakout above 27225 Breakdown below 26920.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 08 Jan is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was positive week, with the Bank Nifty up by 69 points  closing @27195.As discussed in last analysis Bullish above 27225 for a move towards  27340/27532  Bearish below 26920 for a move back to 26784/26666/26500/26225

Bearish level not triggered Bulls did 27340. For coming week Bulls need a close above 27340 for a move towards 27496/27656/27684. Bearish below 27071 for a move towards 26920/26784.

Bank Nifty Monthly

For Jan Month Bank Nifty Bulls need a close above 27231 for Bulls to continue the rally towards 28000.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:27340

Bank Nifty  Resistance:27496,27666,27784

Bank Nifty Support:27225,27071,26850

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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