Last Week we gave Chopad of 32450 Bank Nifty did 2 target on downside and got stopped out on Upside so Average week for Chopad followers. Lets Analyze how to trade in coming week as Iran Declare War on USA.
Nifty Yearly Outlook and Forecast for 2020
Bank Nifty Harmonic Pattern
Till we are holding 31900 bulls can rally back to 32768
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Coming week Bulls need to move above 32100 for a move back to 32222/32450/32768/32920. Bearish below 32000 for a move back to 31820/31555/31225.
Gann Angles
Support at Gann Angle at 31900
Bank Nifty Gann Dates
Bank Nifty As per time analysis 07 Jan is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly Chart
Coming week Bulls need to move above 32100 for a move back to 32222/32450/32768/32920. Bearish below 32000 for a move back to 31820/31555/31225.
Bank Nifty Monthly
Bank Nifty Bulls need to hold 31820-31850 zone for bulls to be active for rest of Jan month .Below 31800 we can see quick fall towards 31500/31225.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:32000
Bank Nifty Support: 31830,31666,31500
Bank Nifty Resistance:32200,32450,31768
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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