BANK NIFTY ANALYSIS FOR NEXT WEEK as Saturn Turns Direct

By | October 10, 2021 10:00 pm

Last Week We gave Chopad Level of 37300 Bank Nifty gave LONG Entry which did 3 target on UPSIDE so EXCELLENT Week for Chopad Followers, Coming Week as Saturn Turns Direct and Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes so another volatile week coming.

Bank Nifty Harmonic Pattern

Price reacted from PRZ Zone of 38000 and corrected by 500+ points, BUlls need close above 38100 for PRZ to fail

Bank Nifty Gann Angles

Price entering 80 week from March 20 bottom. 80-81 are crucial week.

Planetary Cycles and Bank Nifty Movements

Price continue to face resistance at Mercury Planneatry line.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Bank Nifty As per time analysis 11/14 Oct is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

On Weekly chart we have formed outside bar pattern 2 weeks before. Break of 38377 can see fast fall towards 39000. Break of 36870 can see fall towards 36000/35555.

Bank Nifty Monthly Charts

Price testing Fibo Support zone on Monthly Chart break of 38400 for a quick move towards 39500. Break of 37300 can see fall towards 36800/36300.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:37800

Bank Nifty Resistance:38100,38377,38576,38888,39100

Bank Nifty Support:37576,37323,37040,36876

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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