RBI Policy Meet : BANK NIFTY Weekly Technical Analysis

  


Last Week we gave Chopad level of 35721 Bears got whipsawed but Bulls did all target on upside so excellent week for chopad followers as Sun Conjunct Mercury and Mercury Square Jupiter HELIO,showed there impact.Coming Week we have RBI Policy and Mercury and Venus Ingress so trending week should be seen.

Bank Nifty Harmonic Pattern

Bullish PRZ formed till we are holding 35500 bulls can rally towards 37000

Bank Nifty Gann Angles

<a href="http://www.instaforex.com/?x=OJWCX">InstaForex</a>

Price corrected from resistance zone and formed a Weekly Doji

Planetary Cycles and Bank Nifty Movements

Price struggling between  Jupiter and Mercury  Planneatry line. Price expansion should be seen in coming week

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Bank Nifty As per time analysis 06 Dec is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

On Weekly chart price has formed a perfect DOJI.

Bank Nifty Monthly Charts

Bulls need to move above 36378 for a move towards 37061/37744. Bears below 36000 move towards 35500/35000/34555.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:36079

Bank Nifty Resistance:36267,36455,36643,36831,37000

Bank Nifty Support:35892,35703,35515,35327,35000

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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