Nifty Bank Weekly Forecast after Ayodhya Verdict

Last Week we gave Chopad of 30500; Nifty Bank hit 2 targets on the Upside, so it was an awesome week for chopad followers. Coming week market will react to Ayodha Verdict and the trading holiday on 12 Nov.

Nifty Bank Harmonic Pattern

Till we are holding 30050 we can rally towards 32k.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Nifty Bank Movements

Coming week Bulls need to move above 30820 for a move back to 31000/31230/31500/31718. We are bearish below 30600 for a move back to 30225/30000/29777/29500.

Gann Angles

Going into the Resistance zone of 30800-31000. Above it we will move towards a new high.

Nifty Bank Gann Dates

As per time analysis, 11/14 Nov is a Pressure date, therefore an impulsive move can be seen around these dates.

Nifty Bank Weekly

Coming week Bulls need to move above 30820 for a move back to 31000/31230/31500/31718. We are bearish below 30600 for a move back to 30225/30000/29777/29500.

Nifty Bank Monthly

Nifty Bank Bulls need to close above 30500 for a rally towards 31100/31700

Nifty Bank Weekly Chopad Levels

Nifty Bank Trend Deciding Level: 30820

Nifty Bank Resistance: 31000,31234,31500,31800

Nifty Bank Support: 30600,30150 ,30000