Last Week we gave Chopad of 32050 Bank Nifty did all 1 target on downside and 2 target on upside so Excellent week for chopad followers. Lets Analyze how to trade in coming week as we have important time cycle date of 26 Dec.
Bank Nifty Harmonic Pattern
Heading towards 32400/32768 above 32160..
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Coming week Bulls need to move above 32400 for a move back to 32580/32768/32920. Bearish below 32240 for a move back to 32050/31900/31696/31495.
Gann Angles
Support at Gann Angle at 31900
Bank Nifty Gann Dates
Bank Nifty As per time analysis 23/26 Dec is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly Chart
Coming week Bulls need to move above 32400 for a move back to 32580/32768/32920. Bearish below 32240 for a move back to 32050/31900/31696/31495.
Bank Nifty Monthly
Bank Nifty Bulls heading towards monthly resistance of 32730-32768 till we are holding 32000.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:32400
Bank Nifty Resistance: 32580,32768,32920
Bank Nifty Support:32250,32050,31843
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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