Last Week we gave Chopad Level of 19500 Bank Nifty opened with a gap up but did not break low of Monday and see the an EXCELLENT rally. Coming week we have important time cycle starting from 04 May which will be in effect till 30 June.
Bank Nifty Harmonic
Harmonic Pattern PRZ achieved,fall can be seen towards 20150/19653
Bank Nifty Gann Angles
Reacted from resistance zone going back towards 19666 zone.
Planetary Cycles and Bank Nifty Movements
Bulls will become active above 20510 for a move back to 20873,21328,21602,21870.Bears will get active below 20400 for a move towards 20140,19780,19416,19000.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 04 May is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
Bulls will become active above 20510 for a move back to 20873,21328,21602,21870.Bears will get active below 20400 for a move towards 20140,19780,19416,19000.
Trading Monthly Charts
Nifty Bulls need to hold 20214-20250 for this a bounce towards 20874/21, Break of 20100 can see fall towards 18653/19000
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:20444
Bank Nifty Resistance:20736,21025,21316,21609
Bank Nifty Support:20165,19881,19600,19321
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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