NIFTY BANK Weekly Technical Analysis

By | November 14, 2021 10:49 pm

Coming Week will be very exciting as we have 2 important aspect with Mars, Mars Opposition Moon and Mars Opposition Uranus, Mars created lot of volatality in the market so be ready for big voaltile moves in coming week,  Bayer Rule 9: Big changes on market are when Mercury passes over 19 degrees 36 minutes of Scorpio and Sagittarius,also over 24 degrees 14 minutes of Capricorn will also come in effect also we have trucated trading week with 19 being holiday.

Bank Nifty Harmonic Pattern

PRZ Zone at 37366 Break of 38323 can lead to the fall.

Bank Nifty Gann Angles

Price corrected from resistance zone.

Planetary Cycles and Bank Nifty Movements

Price took resistance at Jupiter Planneatry line and saw big downmove and now back at support zone.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Bank Nifty As per time analysis 15/17 Nov is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

On Weekly chart price has broken support zone.

Bank Nifty Monthly Charts

Bulls need to break 39200 for a rally back to 40000. Bears below 38323 for a fall towards 37500/37366

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:38825

Bank Nifty Resistance:39010,39304,39490,39729,40000

Bank Nifty Support:38613,38416,38221,38025,37831

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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Category: Bank Nifty Weekly Analysis

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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