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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