Last Week we gave Chopad of 28160 Bank Nifty did all 3 target on Upside so awesome week for chopad followers. Coming week we are nearing confluence of time cycle date on 23 Oct
Bank Nifty Harmonic Pattern
Till we are holding 27600 we can rally towards 32k.
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Coming week Bulls need to move above 29160 for a move back to 29300/29520/29700/30000/30386. Bearish below 28900 for a move back to 28777/28500/28300/28100.
Gann Angles
Support in range of 28900-29100.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 23 Oct is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
Coming week Bulls need to move above 29160 for a move back to 29300/29520/29700/30000/30386. Bearish below 28900 for a move back to 28777/28500/28300/28100.
Bank Nifty Monthly
Bank Nifty Bulls need to close above 29160 for rally towards 29500/29800
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:29160
Bank Nifty Resistance: 29500,29754,30000
Bank Nifty Support:28900,28666 ,28350
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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