Last Week we gave Chopad Level 16650 Bank Nifty gave Short entry on Monday High made 16604 and did 1 target on downside and opened big gap up on Wednesday low made was 16599 just near our chopad levels and just zoomed up 700 points in 3 trading session Lets analyses how to trade Bank nifty in coming week.
Bank Nifty Hourly
Coming week, support at 17000 resistance at 18000 as per pyrapoint.
Bank Nifty Harmonic
Coming Week break of 17000-17100 we will see 17663/18000
Bank Nifty Supply and Demand
Holding 17116 during correction target 18000.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 30 May is Gann Turn date , except a impulsive around this dates.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 1030 points closing @17511 closed above the upper end of the AF line, As discussed last week Now for coming week close below 16431 can see bank nifty move towards 16188/16000. Close above 16500 can move towards 16792/17000.
17000 done, For short term traders holding 17000 during corretion bank nifty will scale towards 18000 in next 2-3 weeks.
Bank Nifty Monthly
Monthly chart broke out above 50% fibo ratio.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:17591
Bank Nifty Resistance:17760,17910,18050
Bank Nifty Support:17400,17150,17000
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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