Bank Nifty Weekly Technical Analysis for 04-08 Jan

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.

 Traders’ Resolutions for New Year-2016 

New Year Resolutions for Trading Success

Lets analyze how to trade market in New Year 2016.

Bank Nifty Hourly

BANKNIFTY - Pyrapoint

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

Bank Nifty Harmonic

Till 17100 is not crossed as per SHARK pattern Bank nifty can move towards 16800/16500

Gann Angles

Gann Fan

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.

Fibonacci technique

 Fibo Retracement

Bank NIfty FR

Fibo levels to be watched in coming week, 16923/17185/16663

Bank Nifty Weekly

Weekly AF

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.

BN Weekly Time Analysis

Bank Nifty Monthly

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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  1. Bramesh said:

    Will be updated in Daily Analysis

    January 4, 2016
  2. Jitendar said:

    Bramesh sir all levels met today so whats in for rest of the week

    January 4, 2016

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