Last Week we gave Chopad level of 30068 Bank Nifty gave Short on Friday and got whipsawed so bad week for Chopad Followers.Let see how to trade in coming week as we approach important time cycle date of 09 May.
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
Now coming week Bulls need to move above 30000 for a move back to 30125/30250/30390/30666/30810/31000. Bearish below 29900 for a move back to 29800/29640/29500/29300
Bounced from Gann Angle Support
Bank Nifty Gann Dates
Bank Nifty As per time analysis 06/09 May 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 30125/30250/30390/30666/30810/31000. Bearish below 29900 for a move back to 29800/29640/29500/29300.
Bank Nifty Monthly
Bulls now need to close above 29930 in May month momentum to be in there favor towards 31000/31500. Bears will get active below 29600 for a move back to 29640/29225
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:30000
Bank Nifty Resistance:30125,30276,30447
Bank Nifty Support:29875,29666,29500
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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