Bank Nifty Weekly Forecast for 14-18 Jan


Last Week we gave Chopad level of 27340  Bank gave a Short trade on Monday which got Stopped out  Long Trade on Tuesday did all 2 target on Upside so Average week for Chopad Followers. Lets see how we trade Bank Nifty in coming week as we approach time cycle date of 14/17 Jan.

Bank Nifty Harmonic Pattern

Till we are holding 27000 target 27900.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Bullish above 27504 for a move towards  27648/27792/27936/28100  Bearish below 27350 for a move back to 27100/26920/26785/26500

Gann Angles

Took Resistance at higher end of gann angle, Breakout above 27500 Breakdown below 27300.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 014/17 Jan is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was positive week, with the Bank Nifty up by 258 points  closing @27453.As discussed in last analysis For coming week Bulls need a close above 27340 for a move towards 27496/27656/27684. Bearish below 27071 for a move towards 26920/26784.

All Bullish target done, For coming week Bulls need a close above 27504 for a move towards 27656/27684/27936/28100. Bearish below 27360 for a move towards 27100/26920/26784.

Bank Nifty Monthly

For Jan Month Bank Nifty Bulls need a close above 27231 for Bulls to continue the rally towards 28000.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:27504

Bank Nifty  Resistance:27656,27792,28100

Bank Nifty Support:27225,27071,26850

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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