Bank Nifty trading strategy for the first week of 2014

By | December 30, 2013

Bank Nifty Hourly

Bank Nifty Hourly

Bank Nifty hourly charts is forming an ascending triangle formation.Breakdown below 11400 and breakout above 11530

Bank Nifty Daily

Bank Nifty Daily

Bank Nifty on daily chart is near its trendline resistance unable to cross the pullbackback is expected to fill upside unfilled gaps.

Fibonacci technique

Fibonacci fan

Bank NIfty FF

Bank Nifty Fibonacci fan are wonderful tool to find the top and bottom in short term.Support at 11300-11276

Bank NIfty FR

Fibo Retracement also signalling support @11236

Bank Nifty Weekly

Bank Nifty Weekly

Bank Nifty is again near its trendline support holding the same we can see a bounceback only on close above 11530. Breakdown below 11300.

Bank Nifty Monthly

Bank Nifty Monthly

 Bank Nifty Trading Levels

Bank Nifty Trend Deciding Level:11406

Bank Nifty Resistance:11536,11666 and 11926

Bank Nifty Support:11276,11146 and 11016

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

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