Bank Nifty Weekly Prediction as Corona Rattles Market

Bank Nifty has hit lower circuit and bounced from important gann level of 21500 traded almost near 3 year low. 20 March is very Important Asto Date can see major change in trend. Trade with extreme small size as VIX has reached 51 leading to wild swings. Thanks for all your wishes feeling much better now.

Bank Nifty Harmonic Pattern

No Fresh Harmonic Pattern Observed

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Bulls need to protect 24700-24851 range for a move back to 25100/25400/25888/26100.Bears will get active below 24500 for a move towards 24000/23500/23000/222220.

Gann Angles

Support at 21500-22000

Bank Nifty Gann Dates

Bank Nifty As per time analysis 17/20 March is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Bulls need to protect 24700-24851 range for a move back to 25100/25400/25888/26100.Bears will get active below 24500 for a move towards 24000/23500/23000/22222

Bank Nifty Monthly

Bank Nifty Bears have upper hand till we close below 25400.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:24851

Bank Nifty Resistance :24536,24221,23900,23600

Bank Nifty Support :25000,25300,25800,26100

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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