Last Week we gave Chopad of 32132 Bank Nifty Bulls got stopped out on Upside and did all 3 target on downside so Excellent week for Chopad followers. Lets Analyze how to trade in coming week as we approach Important time cycle date of 21 Jan

 

Bank Nifty Harmonic Pattern

Bank Nifty Bulls need to hold 30900 for upmove to continue towards 32000/32500.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Coming week Bulls need to move above 31666 for a move back to 31800,32000,32225,32610. Bearish below 31450 for a move back to 31250,31150,30900.

Gann Angles

Resistance at Gann Angle at 32500

Bank Nifty Gann Dates

Bank Nifty As per time analysis 21 Jan is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Coming week Bulls need to move above 31666 for a move back to 31800,32000,32225,32610. Bearish below 31450 for a move back to 31250,31150,30900.

Bank Nifty Monthly

Heading towards Monthly support of 30900.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:31666

Bank Nifty  Support:31450,31250,31010

Bank Nifty Resistance:31800,32000,32225

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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