Bank Nifty trend analysis after Reexit done and Brexit pending

Last Week we gave Chopad Level 17670 Bank Nifty gave short entry below Chopad levels and did 2 target by Thursday, Rewarding Disciplined Chopad Followers. Coming week Market will start with Rexit action & will end with Brexit reaction. Impact of RaghuRam Rajan Exit on Indian Markets


Bank Nifty Hourly

Bank Nifty Hourly


Coming week, 17078-17055 if and when they come should be closely watched as holding the same we can see a rally back towards 18000.


Gann Angles

Gann Angles

17074 is gann support level, above that market can move back towards 18000,below that 16500.

Bank Nifty Supply and Demand


Bulls need to hold 17116 for next move towards 18029, below below 17116 can do 16550/16200.

Bank Nifty Gann Dates

Bank Nifty As per time analysis  23 June  is Gann Turn date , except a impulsive around this dates.

Bank Nifty Weekly

Weekly AF

It was negative week, with the Bank Nifty down by 132 points  closing @17696 closed above the upper end of the AF line, Now weekly support in range of 17074-17100 holding the low in panic can see market moving back to 18000.

Bank Nifty Monthly

Bank Nifty Monthly

Monthly chart resistance 38.2 % fibo ratio.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:17306

Bank Nifty Resistance:17500,17750,17951

Bank Nifty Support:17085,16800,16500

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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  1. Bramesh said:


    June 21, 2016
  2. Kashmira said:

    hello Sir, Is it necessary that market should come to chopad level??

    June 21, 2016
  3. Suresh said:

    Hi Sir…Can you please provide the process of trading Weekly Chopad levels..i have been following your blog recently..Thank you

    June 20, 2016
  4. k.rajan said:

    [ 17765 -18425 ] [ 17630 – 17100]

    June 19, 2016

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