Last Week we gave Chopad of 29586 Bank Nifty opened with a Gap down made low of 29614 did all 3 target on upside so excellent week for Chopad Followers.Lets see how to trade next week as we have important time cycle date on 12 Feb.
Bank Nifty Harmonic Pattern
No Valid Harmonic Pattern Formed
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Coming week Bulls need to move above 31368 for a move back to 31535,31800,32000. Bearish below 31080 for a move back to 30960/30787/30500.
Support at 28800-29000
Bank Nifty Gann Dates
Bank Nifty As per time analysis 10/12 Feb is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly Chart
Coming week Bulls need to move above 31368 for a move back to 31535,31800,32000. Bearish below 31080 for a move back to 30960/30787/30500
Bank Nifty Monthly
Bank Nifty Bulls need a close above 31500-31535 For Bulls to remain active in Feb Month
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:31181
Bank Nifty Resistance :31368,31535,31800
Bank Nifty Support :30960,30787,30500
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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