Bank Nifty Weekly Forecast for 01-04 Dec

Last Week we gave Chopad Level of 29261 Bank Nifty gave LONG Entry did all target on Upside   so “EXCELLENT WEEK” for Chopad Followers.Next week will be very Intresting as we have Sun Ingrees and Gann Date coming together.

Bank Nifty Harmonic Pattern

29700-29791  is important PRZ Zone.

Bank Nifty Gann Angles

Price broke out above gann angle.

Planetary Cycles and Bank Nifty Movements

Price at Jupiter plannetary line of support.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis 01/04 Dec is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Price heading towards Resistance zone and also entering 66 week from Aug 2019 Low.

 Bank Nifty Monthly Charts

Monthly candle need to go above 29792 for a move back to 30200/30600/31000. Bears below 28791 has upper hand till 27000.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:29650

Bank Nifty Resistance:29791,30000,30253,30666,30900

Bank Nifty  Support:29400,29150,28910,28666,28250

 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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