Last Week we gave Chopad level of 30190 Bank Nifty gave Short on Monday did 3 target on Downside so excellent week for Chopad Followers. Let see how to trade in coming week as we have 2 trading Holiday on 17 and 19 April.
Mercury Sign Change effect on Bank Nifty
Bank Nifty Harmonic Pattern
Till we are holding 29500 Upgraded target 30500/31000/31470
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Bulls need to move above 30000 for a move back to 30165/30333/30577/30700. Bearish below 29820 for a move back to 29640/29500/29300.
Near Gann Angle Support
Bank Nifty Gann Dates
Bank Nifty As per time analysis 16/18 Apr is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
Now coming week Bulls need to move above 30000 for a move back to 30165/30333/30577/30700. Bearish below 29820 for a move back to 29640/29500/29300.
Bank Nifty Monthly
Bulls now need to close above 30500 in April month momentum to be in there favor towards 31000/31500. Bears will get active below 29500 for a move back to 29300/29000.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:30000
Bank Nifty Resistance:30165,30333,30528
Bank Nifty Support:29800,29641,29500
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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