Bank Nifty Trend for Next Week

Last Week we gave Chopad Level 18099  Bank Nifty gave Long entry on Monday which got Stoped out and Short  entry on Monday close was 18097 below Chopad levels also did not achieved the target of 17850 as low made was 17910 but the trade was closed on positive note .Lets analyze how to trade in coming week with the start of earning season.


Bank Nifty Hourly

Bank Nifty Hourly

 Coming week, 18100 needs to be watched  closing above it 18290/18490/18600 can be seen quickly. Bearish below 17910 for short term target of 17720-17800.

Bank Nifty Harmonic

Bank Nifty Harmonic

Shark Pattern target come around 18577 above 18070.

Gann Angles

Gann Angles


Now for coming week 17910/18100 will play crucial role above 18100 that 18260/18490/18758 are target.Close below 17910 can see fall till 17700/17450.

Bank Nifty Supply and Demand


Bulls need to hold above 18100 for next move towards 18560, Bearish below 17950 for 17700/17450

Bank Nifty Gann Dates

Bank Nifty As per time analysis  11 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 30 points  closing @18016 closed above the upper end of the AF line, As discussed in last analysis Now closing above 18100 can see quick move towards 18500-600 zone and unable to do so can see fall towards 17750/17450

High made was 18146 but unable to close above 18100 in last week, Bulls need a close above 18100 for target of 18500/18880, Bears need close below 17950 for fast move towards 17700/17500.

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:18250,18400,18550

Bank Nifty Support:17920,17750,17600

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. Akhil said:

    Sir please update ur positional and intraday p&l sheet

    July 10, 2016

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