Last Week we gave Weekly Chopad level of 11101 Bank Nifty did the one target on upside and thee targets are downside.Next week being an expiry week will be volatile.
Bank Nifty Hourly
Bank Nifty hourly will resist to its 50 HMSA and gap area as shown in above chart, Holding 10630 Bank Nifty can rally all the way upto 11000 odd levels.
Bank Nifty Daily
Bank Nifty on daily chart took support at its 50 DMA@10630 Holding the same we can see an upmove in short term.
Bank Nifty Fibo Fans
Fibo Fans was once again able to capture the top of Bank Nifty 🙂
BN is also holding its 50% retracement at 10563 as shown in above chart, the correction we saw was healthy for BN.
Bank Nifty Weekly
Bank Nifty on WoW basis was down by 133 points and closed @10677 Bank Nifty held on to lower end of trendline and holding 10630 will see an upmove tilll 11000.
Bank Nifty Monthly
Monthly charts are trading near Fibo arcs suggesting the short term correction might be over and we are looking for a pullback on upside.
Bank Nifty Trading Levels
Bank Nifty Trend Deciding Level:10626
Bank Nifty Resistance:10756,11016 and 11276
Bank Nifty Support:10496,10366 and 10236
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
We do discussion is Live market to update Nifty levels If you are interested you can LIKE the page to get Real Time Updates.
Follow on Facebook during Market Hours: https://www.facebook.com/pages/Brameshs-Tech/140117182685863