Last week we gave the Chopad level of 18686 Bank Nifty achieved 3 target on upside made low of 18688 and Chopad level was 18686.Lets analyze how to trade next week.
Bank Nifty Hourly
Bank Nifty is entering in 2 Demand zones and 2 Supply zone are marked in above chart.
Bank Nifty Hourly EW Daily
Hourly Elliot wave analysis is shown,17700 will play crucial role in coming week.
Bank Nifty Pyrapoint Indicator
As per Pyrapoint Box Bank Nifty held its 180 degree of pyrapoint holding the same counter trend rally 18500 is expected.
Bank Nifty Channel
Broke its channel and 100 DMA, Unable to cross 100 DMA can see it moving towards 200 DMA.
Bank Nifty Harmonic
Bank Nifty EW Daily
Again dips near 17500/17700 should be bought into near quality banking stocks.
Bank Nifty Market Profile
As per Market Profile 18164 should be watched in coming week below that 17406 is short term target. Above it can move towards 18500/18898.
Bank Nifty Daily Gunner
On Daily chart near important Gunner support , need to cross above red arc for bullishness to come.
Bank Nifty Gann Dates
Nifty As per time analysis 31 March/01 April is Gann Turn date , except a impulsive around this dates. Last week we gave 24/27 Mar Day and Nifty saw a volatile move on both the days .24 it created short term top and weekly bottom on 27.
Near its 38.2 % retracement as per FF.
50% number is 18018 should be watched.
Bank Nifty Weekly
It was negative week, with the Bank Nifty down by 555 points closing @18044 , breaking the support line of Andrew Pitchfork and closing below its 20 WSMA @18871 which has given support in past 3 times.
Bank Nifty Weekly Gunner
Bank Nifty Monthly
Bank Nifty On Monthly chart prices got reject on higher end of Fibonacci channel now approaching the 23.6% retracement.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:18036
Bank Nifty Resistance:18166,18426,18686
Bank Nifty Support:17906,17776,117386
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.Please also read the detailed Disclaimer mentioned in the Right side of Blog.
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