Bank Nifty Weekly Forecast for 18-22 Jan

Last Week we gave Chopad Level of 32125 Bank Nifty gave both LONG AND SHORT trade at Chopad Level and finally did 2 target on downside and 2 target on upside  so “EXCELLENT WEEK” for Chopad Followers.Next week we will be seeing Impact of Sun Ingree and Aniversary date also 52 Week Gann Cycle so excitng week of trading coming ahead.

Bank Nifty Harmonic Pattern

32613 PRZ zone done. Now heading towards 31500/31000 once 32000 is gone.

Bank Nifty Gann Angles

Price in middler of 2 gann angle can see decline towards 31500/31000 on break of 32000.

Planetary Cycles and Bank Nifty Movements

Price at resitance zone of Jupiter/Venus Planneatry line.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis 19/21 Jan is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Bank Nifty formed weekly DOJI at resistance zone. 

 Bank Nifty Monthly Charts

Monthly candle need to go above 32300 for a move back to 32668/33333. Bears below 32000 has upper hand till 31729/31219/30354.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:32000

Bank Nifty Resistance:32300,32525,32786,33000

Bank Nifty  Support:31750,31555,31225,30800

 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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