Last Week we gave Chopad level of 25100 Bank Nifty gave Short entry and did 2 target on Downside and short on Wednesday gave all 3 target on Downside, so excellent week for chopad followers. Lets see how we trade nifty in coming week as we approach important time cycle date of 28 Oct.
Bank Nifty Harmonic Pattern
No Valid Harmonic Pattern Observed.
Supply and Demand Analysis
As discussed in last Analysis Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
As discussed in last Analysis Coming week bank nifty bears need to break 24920 for a fall towards 24646/24500/24100. Bullish above 25225 for a move back to 25500/25784/25900.
24500 Done not able to close above 25225. Now Bears need to break 24350 for a move towards24100/23920/ 23600. Bullish only above 24500 for a move 24650/24768/24920.
Gann Angles
Broken gann angle.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 29 Oct is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
It was negative week, with the Bank Nifty down by 664points closing @24421 .As discussed in last Analysis Coming week bank nifty bears need to break 24920 for a fall towards 24646/24500/24100. Bullish above 25225 for a move back to 25500/25784/25900. 23 Oct very important trend change date.
24500 Done not able to close above 25225. Now Bears need to break 24350 for a move towards24100/23920/ 23600. Bullish only above 24500 for a move 24650/24768/24920.
Bank Nifty Monthly
As discussed in last AnalysisFor Oct month 24900 will play crucial role.Any close below it can see downfall towards 24500/24100.24900 Gone and downfall towards 24500 done waiting for 24100
24353 done till now.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:24480
Bank Nifty Resistance:24650,24800,25000
Bank Nifty Support:24330,24200,24000
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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