Bank Nifty Weekly Outlook Forecast for 31 Dec-04 Jan 2019

By | December 30, 2018 10:03 pm

Last Week we gave Chopad level of 26800 Bank Nifty gave a Short trade on Monday did 1 target on downside and Long on Tuesday hit SL Short did 2 Target on downside ,so EXCELLENT  week for Chopad Followers. Lets see how we trade Nifty in coming week as we approach time cycle date of 08 Jan.

Bank Nifty Harmonic Pattern

Till we are holding 27000 target 27900.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Bullish above 27225 for a move towards  27340/27532  Bearish below 26920 for a move back to 26784/26666/26500/26225

Gann Angles

Took Resistance at higher end of gann angle, Breakout above 27225 Breakdown below 26920.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 02 Jan is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was positive week, with the Bank Nifty up by 225 points  closing @27125.As discussed in last analysis Coming week Bulls need to trade above 26920 for a move towards 27081/27225/27360. Bearish below 26800 for a move back to 26666/26500/26224

27225 done and 26500 Done on both sides.Bullish above 27225 for a move towards  27340/27532  Bearish below 26920 for a move back to 26784/26666/26500/26225

Bank Nifty Monthly

For December Month Bank Nifty Bulls need a close above 27000 for Bulls to continue the rally towards 28000.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:27360

Bank Nifty  Resistance:27496,27656,27810

Bank Nifty Support:27225,27071,26900

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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Category: Bank Nifty Weekly Analysis

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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