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.
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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