Iran Declare War on USA :Bank Nifty Weekly Forecast

Last Week we gave Chopad of 32450 Bank Nifty did 2 target on downside and got stopped out on Upside  so Average week for Chopad followers. Lets Analyze how to trade in coming week as Iran Declare War on USA.

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 32100 for a move back to 32222/32450/32768/32920. Bearish below 32000 for a move back to 31820/31555/31225.

Gann Angles

Support at Gann Angle at 31900

Bank Nifty Gann Dates

Bank Nifty As per time analysis 07 Jan is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Coming week Bulls need to move above 32100 for a move back to 32222/32450/32768/32920. Bearish below 32000 for a move back to 31820/31555/31225.

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:32000

Bank Nifty  Support: 31830,31666,31500

Bank Nifty Resistance:32200,32450,31768

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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