Bank Nifty Weekly Forecast for January Expiry

Last Week we gave Chopad of 31666 Bank Nifty Bears did all 3 target on downside so Excellent week for Chopad followers. Lets Analyze how to trade in coming week as we approach Important time cycle date of 29 Jan

 

Bank Nifty Harmonic Pattern

Bank Nifty Bulls formed bullish Harmonic Pattern with target of 31666

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Coming week Bulls need to move above 31270 for a move back to 31450,31666,31900,32041. Bearish below 31200 for a move back to 31000,30750,30500.

Gann Angles

Resistance at Gann Angle at 32500

Bank Nifty Gann Dates

Bank Nifty As per time analysis 27/29 Jan is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Coming week Bulls need to move above 31270 for a move back to 31450,31666,31900,32041. Bearish below 31200 for a move back to 31000,30750,30500.

Bank Nifty Monthly

Heading towards Monthly support of 30900.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:31270

Bank Nifty  Support:31450,31666,31900

Bank Nifty Resistance:31000,30750,30505

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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