Last Week we gave Chopad level of 37400 Bulls got whipsawed but Bears did all target on downside so excellent week for chopad followers as Mercury and Venus Ingress showed impact and we got trending move. Now Coming week we have Venus Retrograde so another big week coming ahead.
Bank Nifty Harmonic Pattern
Bullish PRZ formed till we are holding 35500 bulls can rally towards 37000
Bank Nifty Gann Angles
Weekly Outside bar in Bank Nifty near support of 35500-35600
Planetary Cycles and Bank Nifty Movements
Price has broken the Jupiter line heading towards 35193 once its break 35500.
Bank Nifty Supply and Demand
Self Explanatory chart..
Bank Nifty Time Analysis Pressure Dates
Bank Nifty As per time analysis 20/23 Dec is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly Chart
On Weekly chart price has formed a Outside bar heading towards 50 WSMA @35242
Bank Nifty Monthly Charts
Bulls need to move above 35760 for a move towards 36042/36267/36500/36917. Bears below 35500 move towards 35193/34885/34555.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:35760
Bank Nifty Resistance:35931,36244,36558,36729,36954
Bank Nifty Support:35555,35193,34908,34666,34444
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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