Bank Nifty Weekly Forecast for 16-20 Jan

By | January 16, 2023 12:15 am

Last Week we gave Chopad Level of 42490 Bulls did 1 target on Upside and Bears did 3 target on downside so average week for Chopad FOllowers. Now FOr coming week Bank  Nifty has formed DOJI at Weekly support and next week Mercury Retrograde is also getting over and Important “Bayer Rule 15: VENUS HELIOCENTRIC LATITUDE AT EXTREME AND LEAST SPEEDS FOR MAJOR MOVES” will come into effect so good trending move should be seen.

BANK Nifty Harmonic Pattern

Till 41860 is held Bulls have upper hand towards 42500/43000.

BANK Nifty Gann Angles

Price has broken  1×1 line but getting support at previous High of 41861

Planetary Cycles and BANK Nifty Movements

Price  is heading towards Mercury Line.

BANK Nifty Supply and Demand

Self Explanatory Chart

BANK Nifty Time Analysis Pressure Dates

18 Jan is the Important Gann/Astro Date for coming week.

BANK Nifty Weekly Chart

Price is back to Weekly support zone with DOJI Formation.

BANK Nifty Monthly Charts

41653-41860 is monthly support and 42902-43308 monthly resistance

BANK Nifty Weekly Chopad Levels

BANK Nifty Trend Deciding Level: 42588

BANK Nifty Resistance: 42792,42996,43200,43444

BANK Nifty Support: 42385,42181,41977,41773,41569

Levels mentioned are BANK Nifty Spot

As always I wish you maximum health and trading success

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