Last Week we gave Chopad level of 35760 Bank Nifty opened with gap down so no trades intiated as per chopad.Coming week Bayers Rule 9 will become active 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 so another big week coming ahead.
BANK Nifty Harmonic Pattern
Price is at a very crucial juncture, Any close below 34500 can lead to a big fall towards 34000/33500/32768.
Bank Nifty Gann Angles
Hammer in middle of gann angle break of 34000 can lead to big fall towards 32768
Planetary Cycles and Bank Nifty Movements
Price unable to close above Mercury line heading break of 34500 fall towards 34091/33325/32768.
Bank Nifty Supply and Demand
Self Explanatory chart..
Bank Nifty Time Analysis Pressure Dates
Bank Nifty As per time analysis 27/29 Dec is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly Chart
Close below 50 WSMA @35386 suggesting weakness on higher time frame.
Bank Nifty Monthly Charts
Bulls need to move 35327 last week low else another lower low will be seen on Monthly chart.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:34723
Bank Nifty Resistance:34912,35100,35288,35477
Bank Nifty Support:34535,34347,34158,33970
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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