Omicron Covid variant Impact on NIFTY BANK Weekly Technical Analysis

By | November 28, 2021 8:30 pm

Last Week we gave Chopad level of 38125 Bears did all target on downside so excellent week for chopad followers as Sun Ingress and Bayer Rule 6: The price is in bottom when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees showed impact.  Coming Week we have Sun Conjunct Mercury and Mercury Square Jupiter HELIO forming on Monday so another volatile week coming.

Bank Nifty Harmonic Pattern

PRZ Zone at 34500 till below 36500

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 closed at it.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Bank Nifty As per time analysis 29 Nov/04 Dec is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

On Weekly chart price has broken support zone heading towards 35000 if 35700 which is 200 DMA gets broken.

Bank Nifty Monthly Charts

35700 gone than we will get quick fall towards 35157/34596.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:35721

Bank Nifty Resistance:35911,36100,36291,36481,36673

Bank Nifty Support:35533,35344,35157,34969,34596

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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