Bank Nifty Weekly Forecast for 11-15 Jan

Last Week we gave Chopad Level of 31250 Bank Nifty gave both LONG AND SHORT trade at Chopad Level and finally did 1 target on downside and all 4 target on upside  so “EXCELLENT WEEK” for Chopad Followers. Important earnings this coming week 4 Index Heavyweight will be coming out with numbers also we have Mercury Jupiter Conjuction on 11 Jan so exciting week coming ahead.

  • 13th Jan wednesday : Infosys
  • 13th Jan wednesday : Wipro
  • 15th Jan Friday : HCL tech
  • 15th Jan Friday : L&T finance
  • 16th Jan Saturday: HDFC Bank

Bank Nifty Harmonic Pattern

32613/32999  is important PRZ Zone.

Bank Nifty Gann Angles

Price bounced from gann angle support

Planetary Cycles and Bank Nifty Movements

Price at resitance zone of Jupiter Planneatry line.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis 11/13 Jan is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Bank Nifty broke out of resistance zone on  Weekly chart. 

 Bank Nifty Monthly Charts

Monthly candle need to go above 32300 for a move back to 32668/33333. Bears below 31729 has upper hand till 31219/30354.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:32125

Bank Nifty Resistance:32300,32623,32899,33166,33333

Bank Nifty  Support:31900,31758,31595,31225,30800

 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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