Last Week we gave Chopad Level 17591 Bank Nifty had a very choppy week and whipsawed Chopad followers after long time, Always remember the golden rule IF SL gets triggered 2 times in a day No further trade. Capital Preservation is most important for trader. Bank Nifty made high of 17762 and Low of 17350 which was our 1 target of Buy and Sell. Lets analyses how to trade Bank nifty in coming week as we have RBI Policy and gann crucial turn date also coming up.
Bank Nifty Hourly
Coming week, support at 17000 resistance at 18000 as per pyrapoint.
Bank Nifty Harmonic
Coming Week Holding 17400-17450 we will see 18000/18200
Bank Nifty Supply and Demand
Holding 17116 during correction target 18000.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 08 June is Gann Turn date , except a impulsive around this dates.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 169 points closing @17680 closed above the upper end of the AF line, For short term traders holding 17000 during correction bank nifty will scale towards 18000 in next 2-3 weeks.
Bank Nifty Monthly
Monthly chart on verge of breaking 38.2 % fibo ratio.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:17670
Bank Nifty Resistance:17760,17910,18050
Bank Nifty Support:17450,17200,17000
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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