Bank Nifty Weekly Forecast after Budget Disappointment

Last Week we gave Chopad of 31270 Bank Nifty opened with a Gap down did all 3 target on downside. We have seen a waterfall decline and close below 200 DMA so we are in for Wild Ride in coming week.

Bank Nifty Harmonic Pattern

PRZ around 29000.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Coming week Bulls need to move above 29820 for a move back to 30040,30300,30600. Bearish below 29580 for a move back to 29300.28900,28666.

Gann Angles

Support at 28800-29000

Bank Nifty Gann Dates

Bank Nifty As per time analysis 06 Feb is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Coming week Bulls need to move above 29820 for a move back to 30040,30300,30600. Bearish below 29580 for a move back to 29300.28900,28666.

Bank Nifty Monthly

Heading towards Monthly support of 29000.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:29586

Bank Nifty  Support:29300,28900,28666

Bank Nifty Resistance:29820,30040,30340

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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