Last Week we gave Chopad Level 17670 Bank Nifty closed on Monday just 1 point above Chopad levels and did 2 target by Tuesday, Rewarding Disciplined Chopad Followers. High made for the week 18051 was the third target of Chopad Level. Lets analyses how to trade Bank nifty in coming week.
Bank Nifty Hourly
Coming week, support at 17800 resistance at 18000, Holding 17800 we can see bounceback as seen before.
Bank Nifty Harmonic
Coming Week breaking 17800 we will see 17500/17250.
18051 was gann resistance level and bank nifty reacted for that
Bank Nifty Supply and Demand
Bulls need to close was 18051 for next move towards 18768.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 14 June is Gann Turn date , except a impulsive around this dates.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 147 points closing @17828 closed above the upper end of the AF line, and doing target of 18000 as we have been discussing in our last 2 analysis.
Bank Nifty Monthly
Monthly chart on verge of breaking 38.2 % fibo ratio.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:17850
Bank Nifty Resistance:17900,18051,18250
Bank Nifty Support:17650,17500,17250
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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