Bank Nifty Weekly analysis for November expiry

By | November 24, 2013

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

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 Daily

Bank Nifty Fibo Fans

Bank NIfty FF

Fibo Fans was once again able to capture the top of Bank Nifty 🙂

 

Bank NIfty FR

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 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

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

Leave a Reply