Bank Nifty does 18051 ,Will Up move continue ,Weekly Forecast

Last Week we gave Chopad Level 17306 Bank Nifty gave long entry on Monday and did all 3 target by Friday rewarding Chopad followers handsomely. Lets analyze how to trade in coming week

Bank Nifty Hourly

Bank Nifty Hourly


Coming week, 18070 needs to be watched  closing above it 18290/18490/18600 can be seen quickly. Beraish below 18000 for short term target of 17720-17800.

Bank Nifty Harmonic

Daily Harmonic

Shark Pattern target come around 18577 above 18070.

Gann Angles

Gann Angles

Gann rocked again As discussed in last analysis

17074 is gann support level, above that market can move back towards 18000,below that 16500/16084.

Now for coming week 18080 will play crucial role above that 18280/18490 are target. Unable to close above it 17700 is short term target.

Bank Nifty Supply and Demand


Bulls need to hold above 18100 for next move towards 18560, Bearish below 17720 for 17450/17300

Bank Nifty Gann Dates

Bank Nifty As per time analysis  04 July  is Gann Turn date , except a impulsive around this dates.

Bank Nifty Weekly

Weekly AF

It was positive week, with the Bank Nifty up by 559 points  closing @17985 closed above the upper end of the AF line, As discussed in last analysis Now weekly support in range of 17074-17100 holding the low in panic can see market moving back to 18000.

18000 done, Now closing above 18100 can see quick move towards 18500-600 zone and unable to do so can see fall towards 17750/17450

Bank Nifty Monthly

Bank Nifty Monthly

Monthly chart resistance 38.2 % fibo ratio.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:18099

Bank Nifty Resistance:18250,18540,18700

Bank Nifty Support:17850,17700,16530

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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One Comment

  1. alkesh said:

    THank you

    July 4, 2016

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