Bank Nifty Weekly Forecast for Jan Monthly Expiry

Last Week we gave Chopad Level of 32000 Bank Nifty gave both LONG AND SHORT trade at Chopad Level and finally did 3 target on downside and 3 target on upside  so “EXCELLENT WEEK” for Chopad Followers. Next we will have Monthly expiry and  Greatest Elongation East of Mercury suggesting another good move coming.

Bank Nifty Harmonic Pattern

32613 PRZ zone done. Now heading towards 30500/30000 once 30943 is gone.

Bank Nifty Gann Angles

Price heading to touch gann angle support at 30243.

Planetary Cycles and Bank Nifty Movements

Price broke the resitance zone of Jupiter/Venus Planneatry line.heading lower.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis 25/29 Jan is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Bank Nifty lower low on weekly with breach of resistance line.

 Bank Nifty Monthly Charts

Bears below 30920 has upper hand till 30583/30243/3000

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:31225

Bank Nifty Resistance:31450,31700,31981,32300

Bank Nifty  Support:31040,30829,30555,30100

 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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