Bank Nifty Weekly Forecast for 16-20 Dec

Last Week we gave Chopad of 31400 Bank Nifty did all 2 target on downside and 3 target on upside so Excellent week for chopad followers. Lets Analyze how to trade in coming week.

Bank Nifty Harmonic Pattern

Heading towards 32400/32768 above 32160..

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Coming week Bulls need to move above 32050 for a move back to 32222/32400/32581/32768. Bearish below 31900 for a move back to 31700/31500/31300.

Gann Angles

Support at Gann Angle at 31900

Bank Nifty Gann Dates

Bank Nifty As per time analysis 18/20 Dec is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Coming week Bulls need to move above 32050 for a move back to 32222/32400/32581/32768. Bearish below 31900 for a move back to 31700/31500/31300.

Bank Nifty Monthly

Bank Nifty Bulls heading towards monthly resistance of 32730-32768 till we are holding 31721.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:32050

Bank Nifty  Resistance: 32222,32400,32768

Bank Nifty Support:31900,31721,31400

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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