BANK NIFTY ANALYSIS FOR NEXT WEEK

By | October 4, 2021 8:06 am

Last Week We gave Chopad Level of37900 Bank Nifty gave SHORT  Entry which did all target on DOWNSIDE so EXCELLENT Week for Chopad Followers,We saw the effet of  Mercury Retrograde in Indian and Workd Markets.Coming Week we have Venus at Aphelion and Sun Conjuct Retrograde Mercury so another exiciting week coming.

Bank Nifty Harmonic Pattern

Price reacted from PRZ Zone of 38000 and corrected by 1200+ points, BUlls need close above 37500 else bears can push towards 36609.

Bank Nifty Gann Angles

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

Planetary Cycles and Bank Nifty Movements

Price will test Mercury Planneatry line resistance again.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Bank Nifty As per time analysis 04/06 Oct is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Price saw range expansion now 37500 will play crucial above 37500 rally till 38110 and Break of 37100  fall towards 36609

Bank Nifty Monthly Charts

Price testing Fibo Support zone on Monthly Chart.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:37300

Bank Nifty Resistance:37450,37636,37800,37987,38225

Bank Nifty Support:37111,36900,36729,36545

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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