Bank Nifty Weekly Chopad levels for 08-13 Sep

By | September 7, 2014

Bank Nifty Hourly

Bank Nifty Hourly

Bank Nifty hourly charts is near its rising trendline support break of 15950 can see a downmove till 15750. Else new high is coming again holding 15950

 

Bank Nifty Hourly Elliot Wave

Bank Nifty Hourly EW

Bank Nifty hourly EW is shown as above.

Bank Nifty Daily

Bank Nifty Daily

Bank Nifty daily has given a textbook style breakout, made new high @ 16208 and consolidating now, Correction can come to test the breakout support before bouncing back to new high.

 

 

Bank Nifty is forming triangle on daily chart rangebound moves will be seen in range of 14800-15200 till breakout/breakdown happens

Bank Nifty Gann Dates

Gann Dates

12-Sep is Gann turn date for Bank Nifty, expect explosive move near this date.

Fibonacci technique

Fibonacci fan

Bank NIfty FF

Bank Nifty approaching the resistance line of Fibo Fan, unable to close above it will lead to correction else uptrend continues.

 

Bank Nifty Weekly

BN AF

Bank Nifty Weekly chart as per Andrew Pitchfork again made an attempt to cross the AF line but unable to do so, This week 16000 needs to be watched closely on weekly basis,  unable to close above it we can see a pullback like last time we saw BN turned after touching AF. Very interesting trading days ahead.

BN Weekly Time Analysis

Bank Nifty Monthly

Bank Nifty Monthly

Bank Nifty is also approaching the trendline on upside was unable to cross the first time. September closing will be keenly watched.

 

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:15956

Bank Nifty Resistance:16086,16216,16476

Bank Nifty Support:15826,15696and 15566

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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