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 27360/27555/27648/27792/27936/28100 Bearish below 27000 for a move back to 26920/26785/26500/26222/26000.
Took Resistance at higher end of gann angle, Breakout above 27500 Breakdown below 27300.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 29 Jan/01 Feb is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 258 points closing @27453.As discussed in last analysis For coming week Bulls need a close above 27504 for a move towards 27656/27684/27936/28100. Bearish below 27360 for a move towards 27100/26920/26784.
Week of Whipsaw Bullish above 27504 for a move towards 27648/27792/27936/28100 Bearish below 27350 for a move back to 27100/26920/26785/26500
Bank Nifty Monthly
For Jan Month Bank Nifty Bulls need a close above 27231 for Bulls to continue the rally towards 28000. Any close below 27000 for a quick move towards 26750/26500/26250.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:27225
Bank Nifty Resistance:27360,27555,27784
Bank Nifty Support:27055,26920,26784
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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