Lets see how we trade nifty in coming week as we approach the crucial time cycle confluence on 26-28 March and also we have trading holiday on Friday.
Bank Nifty Harmonic Pattern
Below 23500 we can head towards 23000-22850.
Supply and Demand Analysis
Self Explanatory chart..
Broken the gann angle heading towards 22900-23000 below 23500.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 26/28 March is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
It was negative week, with the Bank Nifty down by 819 points closing @23670. Now for coming week Bearss need a close above 23500 for a move towards 23000-22900. Bullish above 23750 for a move towards 24000/24250. 26-28 March again we are getting confluence of time cycle.
Bank Nifty Monthly
As we are near monthly support level comes at 22900-23000.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:23500
Bank Nifty Resistance :23750,23950,24111
Bank Nifty Support :23321,23150,22900
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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