Bank Nifty Weekly Analysis November Expiry

By | November 23, 2014

Last week we gave  Nifty Chopad level of 17126  . Lets analyze how to trade Bank Nifty in coming expiry week.

Bank Nifty Hourly

Bank Nifty Hourly

Bank Nifty Trendline support comes @ 17700, Bank Nifty can rise all the way to 18500 before any profit booking comes in.

 

Bank Nifty EW Daily

BN Daily EW

Bank Nifty daily chart is showing impulsive 5 wave and have moves above 18000 now can continue till 18500 where we will review it once again.

 

 Bank Nifty Daily Bias

Bank Nifty Daily Bias

Bank Nifty daily bias has turned to Buy the Dips for next week.

 

Bank Nifty Gann Dates

As per time analysis 25 November  is Gann Turn date , except a impulsive around this date.  Last week we gave 19 November  is Gann Turn date and Nifty  showed expected move.

Fibonacci technique

 

Fibonacci Fans

Bank NIfty FF

Bank nifty is now entering in resistance zone of 18500 odd levels, unable to cross Fibo Fan high can see profit booking.

 

Bank Nifty Weekly

BN AF

Bank Nifty Weekly chart As per AF bank nifty target can now exetend to 18500/19000 odd levels as shown in above chart.

BN Weekly Time Analysis

 

Bank Nifty Monthly

Bank Nifty Monthly

Bank Nifty is also approaching the trendline on upside signalling bulls needs to be cautious now.

 

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:18166

Bank Nifty Resistance:18296,18426,18556

Bank Nifty Support:18036,17096,17776

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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