Bank Nifty Weekly Forecast for 10-14 Feb

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.

Gann Angles

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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