Last Week we gave Chopad Level 37840 Bank NIfty Bulls were able to do 4 target on Upside so Excellent Week for Chopad Followers Bayers Rules helped in catching the trending move as Low for the week was made on 10 Jan. Coming week we have Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes. and Bayer Rule 19: We have tops when Venus in geocentric position passes the conjunction with the Sun. and Venus Minimum distance from earth suggesting another exciting week coming. For Coming week we will impact of Mercury Retrograde and Full Moon and also Uranus which is know as Financial Plannet is going direct on 19 Jan should have impact on Long term trend change so another exciting week coming ahead.
BANK Nifty Harmonic Pattern
Price saw good move as per Bullish ABCD Patte Need to Hold 38000 for rally to continue till 39000.
Bank Nifty Gann Angles
Perfect heading to higher end of gann angle towards 39304 till holding 38000.
Planetary Cycles and Bank Nifty Movements
Price need to cross Red Jupiter line@ 38416 for upmove towards 39304
Bank Nifty Supply and Demand
Self Explanatory chart..
Bank Nifty Time Analysis Pressure Dates
Bank Nifty As per time analysis 17/20 Jan is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly Chart
Price did a breakout above AF channel and above all Short term average with 3 week green candel
Bank Nifty Monthly Charts
Bulls need to hold 38000 for a move to continue towards 39304
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:38416
Bank Nifty Resistance:38592,38787,38982,39177
Bank Nifty Support:38260,38063,37865,37668,37471
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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