Last Week we gave Chopad Level 13930 Bank Nifty Long initiated above chopad levels on Monday did all 4 target by Wednesday .Lets analyze how to trade Bank Nifty in coming Week. WIshi
Bank Nifty Hourly
As discussed last week Hourly close above the 34 EMA and channel bottom can trigger rally for 14550-14700. Bearish on close below 13500 for 13300/12800
Till Holding above 21/34 EMA bulls are in control for a rise till channel top near 15700/15800
Bank Nifty Harmonic
Shark patter will get complete near 15600-15700 rang expect some correction from that range.
As discussed last week Holding the low we can see rally till 14500/14800.
Bank Nifty bounced exactly for Gann Angles, and rallied on 1 side as we have price and time squaring which is a strong signal for fast rally. Now need a close above 15700 for next leg of upmove.
Bank Nifty Supply and Demand
Self Explanatory Chart
Bank Nifty Gann Dates
Bank Nifty As per time analysis 10 March is Gann Turn date , except a impulsive around this dates.
close above the upper end of line needs follow upmove.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 1547 points closing @15339 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:15451
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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