Bank Nifty Weekly for Lok Sabha Election Results

Last Week we gave Chopad level of 29125 Bank Nifty  did 2 target on upside so excellent week for Chopad followers and we also seen the effect of Ingress dates as shown in below video.  Let see how to trade in coming week as we approach important time cycle date on 21 May and also Lok Sabha Election results coming.

Bank Nifty Harmonic Pattern

Till we are holding 29225 Upgraded target 29900/30300/30666/31470

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Bulls need to move above 29700 for a move back to 30000/30250/30390/30666/30810/31000. Bearish below 29100 for a move back to 28800/28640/28500/28300/28000.

Gann Angles

Gann Angle Support held as low made 28525 and 1000 point bounce back in 2 days

Bank Nifty Gann Dates

Bank Nifty As per time analysis 21/23 May is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

Now coming week Bulls need to move above 29700 for a move back to 30000/30250/30390/30666/30810/31000. Bearish below 29100 for a move back to 28800/28640/28500/28300/28000.

Bank Nifty Monthly

Bulls now need to close above 29125 in May month momentum to be in there favor towards 29666/30500/31000/31500. Bear will get active  below 28900 for a move back to 28800/28640/28500/28300.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:29700

Bank Nifty  Resistance:29900,30212,30555,30865

Bank Nifty Support:28400,29100,28800,28500,28000

Levels mentioned are Bank Nifty Spot