Bank Nifty Weekly Forecast for Union Budget 2021

Last Week we gave Chopad Level of 31225 Bank Nifty gave  SHORT trade at Chopad Level did  all  target  on downside so “EXCELLENT WEEK” for Chopad Followers and we saw Impact of Astro and Gann date as discussed. Next we will have Union Budget 2021 so another big move will be seen.

A look at history: Nifty on budget day

A look at history: Bank Nifty on budget day

Bank Nifty Harmonic Pattern

No Valid Harmonic Pattern Observed

Bank Nifty Gann Angles

Price at crucial juncture near Weekly Gann Angle Support.

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  01/04 Feb is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Bank Nifty lo Weekly Lower low and closed below the Support zone.

 Bank Nifty Monthly Charts

Price Reacted from the resistance zone on Monthly chart.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:30625

Bank Nifty Resistance:30976,31329,31684,32041

Bank Nifty  Support:30276,29929,29584,29241

 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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