Last week we gave the Chopad level of 18285 Bank Nifty achieved all 3 target on upside rewarding discipline chopad followers .Lets analyze how to trade market in coming week as we will get results of Greek referendum before market opens on Monday. We have shared the Goldman report discussing various scenarios, readers can read the report by clicking on the link How Markets Will React to Greek Referendum
Bank Nifty Hourly
Bank Nifty need to cross the zone of resistance @18832 for a breakout to happen. Unable to cross the same can see down move till 18200 odd levels as shown in above chart.
Bank Nifty Hourly EW
Hourly Elliot wave analysis is shown, 18760 will play crucial levels next week.
Bank Nifty Pyrapoint Indicator
Bank NIfty has been trading in the range of 135 and 90 degree pyrapoint angle, 90 degree has proved to be an elusive resistance from past 2 months.180 degree as strong support, one of this level will break in coming 2 weeks to give a trending move.
Bulls finally were able to break above 100 DMA, Demand and supply zones are shown above.
Bank Nifty Murry Math Line
Bank Nifty is heading towards crucial bank nifty MML pivot of 18756 which again has acted strong resistance for quiet some time as shown in above chart, closing above it and break of 18832 will be a big bosster to bulls, unable to do so bears will have upperhand.
Bank Nifty Harmonic
With the current butterfly pattern active BN can lead all the way upto 19200 odd level.
Bank Nifty EW Daily
Use dips to keep accumulation quality banking stocks. Long term targets are still pending as shown above.
Who bought banking stocks should have been rewarded handsomely, profit booking is always advised.
Bank Nifty Daily Gunner
Crossed 1×2 gann line heading towards horizontal line quadrant.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 08 July/10 July is Gann Turn date , except a impulsive around this dates. Last week we gave 29 June/02 July Bank Nifty saw a volatile move ..
Again held on to its 50 % and heading towards 61.8 % if 18756 is broken or 18200 is not broken as per FF
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 358 points closing @18729 , price again held its 55 WSMA able to cross 20WSMA and median of AF line.As per time analysis next cycle from 06-10 July will be Volatile cycle with underlying trend neutral to bullish. Time Analysis of showing positive move after 14 June worked perfectly
Bank Nifty Weekly Gunner
Weekly gunner 18832 needs to be crossed if not will see pullback towards gann line 1*1.
Bank Nifty Monthly
Monthly chart after 2 Month of hammer candlestick, has started the July month of bullish note till 18260 not broken bias is bullish.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:18816
Bank Nifty Resistance:19076,19206,19370
Bank Nifty Support:18686,18426,18166
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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