Bank Nifty Weekly Forecast as Sun Conjunct Mercury

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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