Last Week we gave Chopad Level 15550 Bank Nifty did 2 target on downside and 1 Target on Upside.
Lets analyze how to trade Bank Nifty in coming week.
Bank Nifty Hourly
Bank Nifty was supporting at 180 degree during the whole past of last week, Opened gap down on Friday below 180 but quickly reovered and now heading towards 135 @15962.
Bank Nifty Harmonic
Bank Nifty can see rise till 16019 as per ABCD pattern.
Gann Angles are shown above close above 15713 can see move towards 16000/16400.
Bank Nifty Supply and Demand
Self Explanatory Chart
Bank Nifty Gann Dates
Bank Nifty As per time analysis 02/04 Feb is Gann Turn date , except a impulsive around this dates.
Fibo levels to be watched in coming week, 15218/15819/15914.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 24 points closing @15522 heading towards median line,forming a Hammer candlestick also unable to close above its 20/50 WSMA and 100 WSMA. Resistance on upside comes at middle level of AF line @15875 and gann resistance at 15914.
Bank Nifty Monthly
Monthly chart broke support at 50% and went towards 38.2% as we have discussed last week.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:15650
Bank Nifty Resistance:15760,15914,16100
Bank Nifty Support:15480,15300,15130
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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