Bihar Elections 2020:Bank Nifty Weekly Forecast

Last Week we gave Chopad Level of 23716 Bank Nifty opened with a Gap Up and did not trigger the Chopad Level. Next week will be very Intresting as we Bihar Elections 2020 and Mercury Ingrees suggesting another big move round the corner.

Bank Nifty Elliot Wave

27000 above that 28031 should be watched from Gann and Elliot wave perpective.

Bank Nifty Gann Angles

Price broke out above gann angle.

Planetary Cycles and Bank Nifty Movements

Price heading towards Jupiter plannetary line of resistance

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis 10/12 Nov is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

26738 is a tough resistance need close above it on weekly basis.

 Bank Nifty Monthly Charts

Monthly candle showed a perfect move.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:27000

Bank Nifty Resistance:27225,27556,27889,28031

Bank Nifty  Support:26775,26500,26361,26000

 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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