Bank Nifty Weekly Forecast as Sun Conjuct Mercury

Last Week we gave Chopad Level of 30530 Bank Nifty gave both LONG and SHORT Entry did 1 on Upside and 1 Target on downside  so “AVERAGE WEEK” for Chopad Followers.Next week will be very Intresting as we have Mercury and Sun Ingress and also 39 Week from 24 Mar Low.

Bank Nifty Harmonic Pattern

31996 is important PRZ Zone.

Bank Nifty Gann Angles

Price broke out above gann angle.

Planetary Cycles and Bank Nifty Movements

Price in middle of plannets line suggesting big move should come this week.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis 21/24 Dec is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Price heading towards Resistance zone with DOJI and also entering 39 week from March 2020 Low.

 Bank Nifty Monthly Charts

Monthly candle need to go above 30900 for a move back to 31317/31822. Bears below 30650 has upper hand till 30391/30069/29792

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:30668

Bank Nifty Resistance:30850,30991,31225,31500,31666,31822

Bank Nifty  Support:30391,30101,29856,29600,29300

 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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