Last Week we gave Chopad level of 36079 Bulls did all target on upside and Bears did 2 target on downside so excellent week for chopad followers as Venus Ingres showed its impact.Coming Week we have Double Ingress which should lead to another round of trending move in Nifty.
Bank Nifty Harmonic Pattern
Bullish PRZ formed till we are holding 35500 bulls can rally towards 37000 37000 done now above 37400 rally till 38434
Bank Nifty Gann Angles
Price heading higher towards 1×1 line
Planetary Cycles and Bank Nifty Movements
Price broke Jupiter and Mercury Planneatry line. Rally towards Sun Red line towards 38500 till we are holding 36800.
Bank Nifty Supply and Demand
Self Explanatory chart..
Bank Nifty Time Analysis Pressure Dates
Bank Nifty As per time analysis 13/16 Dec is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly Chart
First Higher Low and Higher High on Weekly chart.
Bank Nifty Monthly Charts
Bulls need to move above 37400 for a move towards 37592/37783/37975/38167. Bears below 36919 move towards 36733/36547/36069
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:37400
Bank Nifty Resistance:37592,37783,37975,38168,38360
Bank Nifty Support:37200,36919,36733,36547
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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