Bank Nifty Weekly Forecast for Dec Expiry

Last Week we gave Chopad of 32050 Bank Nifty did all 1 target on downside and 2 target on upside so Excellent week for chopad followers. Lets Analyze how to trade in coming week as we have important time cycle date of 26 Dec.

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 32400 for a move back to 32580/32768/32920. Bearish below 32240 for a move back to 32050/31900/31696/31495.

Gann Angles

Support at Gann Angle at 31900

Bank Nifty Gann Dates

Bank Nifty As per time analysis 23/26 Dec is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Coming week Bulls need to move above 32400 for a move back to 32580/32768/32920. Bearish below 32240 for a move back to 32050/31900/31696/31495.

Bank Nifty Monthly

Bank Nifty Bulls heading towards monthly resistance of 32730-32768 till we are holding 32000.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:32400

Bank Nifty  Resistance: 32580,32768,32920

Bank Nifty Support:32250,32050,31843

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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