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
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.
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
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
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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