Bank Nifty Weekly for 15-19 April

By | April 14, 2019

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.

Gann Angles

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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