Last Week we gave Chopad Level 38416 Bank NIfty Bulls were able to do 2 target on Upside and all Target on Downside so Excellent Week for Chopad Followers Uranus turing Direct helped in catching the trending move.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. For Coming week we have Monthly Expiry and only 4 trading days as 26 Jan is Holiday on account of Republic Day we will impact of Mars and Mercury Ingress and 3 Bayers Rule so exciting week coming ahead.
- Bayer Rule 7: There are changes on market when Venus or Mars goes over its Aphelium Perihelium (Geocentric).
- Bayer Rule 8: The moves on market (most of all ups) are when Venus goes over its Perihelium (Heliocentric).
- Bayer Rule 22: The trend changes if retrograde Mercury passes over the Sun. Sun Conjuct Rx Mer so another exciting week coming ahead.
BANK Nifty Harmonic Pattern
Bearish ABCD pattern formed now Bulls need to move above 37229 quickly.
Bank Nifty Gann Angles
Breakout heading towards upper side of gann angle also formed Weekly Outside Bar.
Planetary Cycles and Bank Nifty Movements
Price in middle of plannetary line should see explosive move.
Bank Nifty Supply and Demand
Self Explanatory chart..
Bank Nifty Time Analysis Pressure Dates
Bank Nifty As per time analysis 24/28 Jan is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly Chart
did a breakdown below AF and formed Outside Bar Ready for anothe big move of 1500-1600 points.
Bank Nifty Monthly Charts
Bulls need to hold 37083-37061 for move back to 37744/38000
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:37249
Bank Nifty Resistance:37443,37636,37831,38028
Bank Nifty Support:37083,36864,36673,36481
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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