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Lets see How to trade Nifty in coming week as we approach 2018.
Bank Nifty Harmonic Pattern
We are forming a bullish ABCD pattern with PRZ zone coming around 26779, Bulls need to close above 25555 for a move towards for 25780/25920/26300/26779.
Supply and Demand Analysis
Self Explanatory chart..
As per gann angle Break of 25400 for a move towards higher end of gann angle at 25920.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 01/03 Jan is Turn date , impulsive move can be seen around these dates.
Bank Nifty Weekly
It was negative week, with the Bank Nifty down by 109 points closing @25539. Coming week 01/03 Jan is important time cycle turn date. Bulls need a close above 25555 for a breakout for a move towards 25780/25920. Bearish below 25400 for a move towards 25250/25000.
Bank Nifty Monthly
Bank Nifty Bulls held to 25000 on Monthly and Yearly closing basis. 25000 will play crucial role in Jan month.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:25555
Bank Nifty Resistance:25700,25920,26213
Bank Nifty Support:25320,25050,24780
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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