Last Week we gave Chopad of 32000 Bank Nifty did 1 target on Upside and opened gap down so unable to take short trade. so Average week for Chopad followers. Lets Analyze how to trade in coming week as we approach Important Astro Date of 14 Jan
Bank Nifty Yearly Outlook and Forecast for 2020
Bank Nifty Harmonic Pattern
Till we are holding 31900 bulls can rally back to 32768
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Coming week Bulls need to move above 32132 for a move back to 32400,32666,32820. Bearish below 32000 for a move back to 31900,31666,31768.
Gann Angles
Support at Gann Angle at 31900
Bank Nifty Gann Dates
Bank Nifty As per time analysis 14/16 Jan is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly Chart
Coming week Bulls need to move above 32132 for a move back to 32400,32666,32820. Bearish below 32000 for a move back to 31900,31666,31768.
Bank Nifty Monthly
Bank Nifty Bulls need to hold 31820-31850 zone for bulls to be active for rest of Jan month .Below 31800 we can see quick fall towards 31500/31225.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:32132
Bank Nifty Support:31900,31768,31500
Bank Nifty Resistance:32400,32666,32820
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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