Wishing all the readers of the Blog a very very happy and profitable new year 2016.
Traders should work on New Year resolutions and use the below 2 post for planning a successful and profitable 2016.
Lets analyze how to trade market in New Year 2016.
Bank Nifty Hourly
Bank Nifty once crossed the 90 degree took multiple support before bouncing back. Till 16740 is held we can move towards 17300/17444
Bank Nifty Harmonic
Till 17100 is not crossed as per SHARK pattern Bank nifty can move towards 16800/16500
Gann Angles with medium term view is shown above.
Bank Nifty Supply and Demand
Self Explanatory Chart
Bank Nifty Gann Dates
Bank Nifty As per time analysis 06/08 Jan is Gann Turn date , except a impulsive around this dates.
Fibo levels to be watched in coming week, 16923/17185/16663
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 228 points closing @17039 bouncing from AF medial line also unable to close above its 20/50 WSMA, closed above 100 WSMA,New Time Cycle starting from next week in Bank Nifty.
Bank Nifty Monthly
Monthly chart took support at 38.2% and showed some respite.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:16996
Bank Nifty Resistance:17126,17223,17386
Bank Nifty Support:16900,16730,16650
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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