Bank Nifty Weekly Forecast for 2020 Year Ending

Last Week we gave Chopad Level of 30668 Bank Nifty gave SHORT Entry did ALL  Target on DOWNSIDE so “EXCELLENT WEEK” for Chopad Followers.Next week as we approach the last trading week of 2020 and Moon at Ascending Node suggesting another volatile week coming.

Bank Nifty Harmonic Pattern

31996 is important PRZ Zone.

Bank Nifty Gann Angles

Price bounced from gann angle support

Planetary Cycles and Bank Nifty Movements

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

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis 28/30 Dec is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Bank Nifty formed Hanging Man Pattern on Weekly chart. 

 Bank Nifty Monthly Charts

Monthly candle need to go above 30900 for a move back to 31317/31822. Bears below 30391 has upper hand till 30069/29792/29555.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:30360

Bank Nifty Resistance:30500,30786,31000,31300,31626,31999

Bank Nifty  Support:30198,29990,29792,29555,29323

 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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