Bank Nifty Weekly Forecast of Jan Expiry

By | January 21, 2018

Last Week we gave Chopad Level 25801  Bank Nifty gave Long Entry as per Chopad Level on Monday as Low made was 25843 in gap up rewarded Chopad Followers as it did all 3 Targets on upside,so awesome  week for Chopad followers .Lets see How to trade Bank Nifty in coming week as we approach the January Expiry

Bank Nifty Harmonic Pattern

 

As discussed in Last analysis We are forming a bullish ABCD pattern with PRZ zone coming around 26779, Bulls need to continue holding 25555 for a move towards for 25780/25920/26300/26779.

Bullish target done, now we are having extended target of 27592.

 

Supply and Demand Analysis

 

Self Explanatory chart..

Gann Angles

As discussed in Last analysis  As per gann angle Break of 25600 for a move towards higher end of gann angle at 25920/26500.

We got breakout from gann angle and saw a big move. Now till we are holding 26000 we can move towards 27500.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 22/25 Jan is Turn date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was positive week, with the Bank Nifty up by 1160 points  closing @26910. As discussed in Last analysis  Bulls need to hold 25600 level for a breakout to sustain for a move towards 25920/26100. Bearish below 25500 for a move towards 25250/25000.

Breakout target done, For coming week Bulls need to hold 26666-700 range, for the up move to continue towards 27250/27500. 22 Jan -25 Jan are important time cycle dates for coming week, Any close below 25700 can see fast move 25500/25250

Bank Nifty Monthly

As discussed in Last analysis Bank Nifty Bulls held to 25500 on Monthly and Yearly closing basis. Holding the same we are heading towards 26700.

Awesome move caught using gann price time technique.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:26888

Bank Nifty Resistance:27053,27200,27444

Bank Nifty Support:26780,26600,26460

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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