Last Week we gave Chopad Level 24480 Bank Nifty opened above the chopad level, Hence chopad followers were unable to take trade. Lets see How to trade Nifty in coming week as we approach the crucial trend change date of 23 Sep. Last Week time cycle of 18 Sep did give a good trade.
Bank Nifty Harmonic Pattern
25000-25050 is crucial zone for bank nifty unable to cross that we can see fall till 24510/24000.
Supply and Demand Analysis
Self Explanatory chart..
Bank nifty corrected from gann angle resistance as shown in above chart and now gann angle support at 23800 and bounce from that. Perfect trade in between gann angles. As Discussed in Last Analysis Above 24480 again a move towards 25000, Below 24200 move towards 23800/23500.
25000 done , now next target above 25050 is 25300-25500.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 18/22 Sep Gann Turn date , except a impulsive around this dates.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 473 points closing @24844 , As Discussed in Last Analysis Bulls need a close above 24510 for a move towards 24820/25000. Bearish below 24200 for a move towards 23950/23755/23540/23255/23000.Bank Nifty new time cycle start 11 Sep-18 Sep.
Bullish above 25050 for a move towards 25200/25323/25500. Bearish below 24480 for a move towards 24250/24000.
Bank Nifty new time cycle start 11 Sep-18 Sep ended on positive note. Now the date of 23-26 Sep are very important as per time analysis and we can see the trend change in market around these date.
Bank Nifty Monthly
Now bears need close below 24000 for next move towards 23500/23000. Bullish above 24470 for a move towards 25000/25300. 25000 Done waiting for 25300.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:24912
Bank Nifty Resistance:25050,25200,25350
Bank Nifty Support:24780,24600,24480
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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