Bank Nifty is now in bear market, Last bear market of 2008 we were down 70%, Current crises are combination of Health and Financial and number of Corna cases have crossed 7 lakh worldwide and its still not peaked out suggesting more pain to come. Bank Nifty PE has come down to 21 it can go in 8-9 range as in 2008. Bear Market rallies are fast and furious as we have seen last week trade with extreme caution limited quantity with proper risk and money management. We have trading holiday on 01 April in coming week
Bank Nifty Harmonic
No Valid Harmonic Pattern Formed
Bank Nifty Gann Angles
Resistance at 2100-21500 range
Planetary Cycles and Bank Nifty Movements
Bulls will become active above 19400 for a move back to 19800/20500/21000/21500.Bears will get active below 19050 for a move towards 18600/18100/17600/17250
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 30 March is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
Bulls will become active above 19400 for a move back to 19800/20500/21000/21500.Bears will get active below 19050 for a move towards 18600/18100/17600/17250
Trading Monthly Charts
Nifty Bulls need to hold 19300-19400 for this bounce in last week to last else we will move back to 18500-18000 range
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:19350
Bank Nifty Resistance :19800,20400,20900,21300
Bank Nifty Support :18900,18500,18200,17820
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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