Last Week we gave Chopad Level 15451 Bank Nifty did not initiate any trade as did not come near the Chopad levels.Lets analyze how to trade Bank Nifty in coming Week.
Bank Nifty Hourly
Till Holding above 21/34 EMA bulls are in control for a rise till channel top near 15700/15800
Bank Nifty Harmonic
Closing above 15350 Butterfly pattern will be active for target of 15555/15732
Now need a close above 15350 for 15700/16000
Bank Nifty Supply and Demand
Self Explanatory Chart
Bank Nifty Gann Dates
Bank Nifty As per time analysis 15/17 March is Gann Turn date , except a impulsive around this dates.
Bank Nifty Weekly
It was negative week, with the Bank Nifty down by 171 points closing @15168 closed around its middle line of AF . Now unable to cross the Middle line of AF can see some correction on bank nifty. Bank nifty needs to hold 15207 on weekly basis for next move till 15700/16152. Else will see correction till 14800.
Bank Nifty Monthly
Monthly chart took support at 78.6 %,and bounced furiously.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:15360
Bank Nifty Resistance:15555,15682,15800
Bank Nifty Support:15250,15000,14800
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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