Category Archives: Bank Nifty Technical Analysis

Bank Nifty Technical Set up as we approach 10 Nov Time Cycle Date

By | November 9, 2017

As discussed in Last Analysis  Bearish below 25150 for a move towards 25000/24700. Bank Nifty broke 25150 today but failed to close below it, Till 25150 is held bulls have change to come back in the game and scale towards 25500/25700. Bearish below 25150 for a move towards 25000/24800. Low made today was 25166 so bulls… Read More »

Bank Nifty corrects 300 point on Trend Change date,EOD Analysis

By | November 7, 2017

As discussed in Last Analysis   Another day of consolidation bank nifty forming gravestone doji and also double top both requiring a follow up move, We are heading towards important time cycle cluster of 07-08 Nov which will decide the next market move. Break of 25700 we can see fast move towards 25832-25850 where gann angle… Read More »

Bank Nifty forms Gravestone Doji,EOD Analysis

By | November 6, 2017

As discussed in Last Analysis    07-08 November is again another important time cycle date, so trend reversal can be seen around these date. Last time cycle turn date we rallied almost 600 points from 01 November. Best way to ride uptrend is to trail position. Till 25400 is held bulls  we can move towards 25832/25920/26154.… Read More »

Bank Nifty Weekly Forecast for 06-10 November

By | November 5, 2017

Last Week we gave Chopad Level 25000  Bank Nifty gave Short Entry as per Chopad Level Monday as High was 24995 and did 1 target on downside, Longs were triggered on 31 Oct before the big gap up we saw  and did all 3 Targets on upside, so good week for Chopad followers. Lets see… Read More »

Bank Nifty give Weekly close above 25500,EOD Analysis

By | November 4, 2017

As discussed in Last Analysis   Day for consolidation bank nifty traded in small range and made new life high and held on to 25400. Till 25200 is held bulls need to hold position and we can move towards 25832/25920/26154. 25832-25850 is an important zone as its gann resistance level. Bearish only on close below 25150 only.… Read More »