Last Week we gave Chopad level of 26520 Nifty gave Long/Short entry on Monday did 1 target on both side,Short were triggered on . Shorts triggered on Friday did 1 target on downside so an average week for chopad followers. Lets see how we trade Bank nifty in coming week, as we approach Important time cycle date on 22 June.
Bank Nifty Harmonic Pattern
Waiting for target of 27412.
Supply and Demand Analysis
Self Explanatory chart..
Planetary Cycles and Bank Nifty Movements
Below 26200 can see fast fall towards 26000/25920. Bullish above 26500 for a move towards 26666/26782/27000.
Gann Angles
As discussed in last analysis Bulls now need a close above 26500 for the next move towards 26666/26800/27000. Bearish below 26350 for a move back to 26200/26070/25920.
Bulls did 26765 and did not let bears break 26350 on downside. Coming Week Bulls need to close above 26510 for the move to continue towards 26666/26765/26920. Bearish below 26350 for a move back to 26200/26070/25920.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 19/22 June is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
It was negative week, with the Bank Nifty down by 33 points closing @26417 .As discussed in last analysis Coming week Bulls need to close above 26500 for the next move towards 26666/26800/27000. Bearish below 26350 for a move back to 26200/26070/25920. Time Cycle confluence of dates coming on 12-14 June.
Bulls did 26765 and did not let bears break 26350 on downside.Time cycle confluence failed to show the effect suggest time is getting over balanced and we can see big move in coming week. Bulls need to close above 26510 for the move to continue towards 26666/26765/26920. Bearish below 26350 for a move back to 26200/26070/25920.
Bank Nifty Monthly
Bulls need to close above 26920 for momentum to continue in their favor for June series, else bears will push index back to 26000
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:26450
Bank Nifty Resistance :26555,26673,27920
Bank Nifty Support :26300,26150,26000
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.
Want to see post in your Inbox,Register by adding your email id in Post in your Inbox section
Follow on Facebook during Market Hours: https://www.facebook.com/pages/Brameshs-Tech/140117182685863
Follow on Twitter during Market Hours: https://twitter.com/brahmesh