Category Archives: Bank Nifty Technical Analysis

Bank Nifty Weekly Forecast for 29 May-02 June

By | May 28, 2017

Last Week we gave Chopad Level 22820  Bank Nifty gave Short on Monday which did 2  Chopad Target  thus rewarding disciplined Chopad  Traders, Longs on Thursday rewarded chopad followers again as did 3 target on upside.  Lets see how to trade in coming week as we approach the last week of May month. Bank Nifty… Read More »

Bank Nifty hits 23250 Holding 22740, What to expect in June Series

By | May 25, 2017

As discussed in Last Analysis  Bullish above 22740 for a move towards 22900/23110.   Bank Nifty opened above 22600 made high of 22674 so failed to move near 22740 but as soon as 22600 was broken bears moved towards our target of 22450 low made was 22470, Now close below 22450 we can see fast move… Read More »

Bank Nifty Bulls Bear in tug of war at gann angle

By | May 22, 2017

As discussed in Last Analysis   Bulls above 22800 can see next move towards 22940/23110. Bearish below 22600 only, As per time analysis expect a trending move in next 2 days. Bank Nifty opened gap up above 20800 and made high of 22918 not giving opportunity to bulls to enter, bears also were not able to break… Read More »

Bank Nifty holds the gann angle, Will it bounce again ?

By | May 18, 2017

As discussed in Last Analysis    Bulls need a close above 22940 for next move towards 23110. Strong support in range of 22680-22700. Bearish on close below 22600 for a move towards 22450/22300. Low made today was 22660 and close was at 22700 so bulls were able to hold the low of gann angles, holding the same… Read More »

Bank Nifty bounces 300 points from gann support,EOD Analysis

By | May 15, 2017

As discussed in Last Analysis  Bank Nifty finally closed below 22700 suggesting bulls are near the gann angle support holding the same we can again see an upmove towards 23000/23110.Bearish below 22500 for a move towards 22350/22100. Bank Nifty again bounced from gann support low made today was 22730 bulls were on front foot as we… Read More »

Bank Nifty near gann angle support, Will It Bounce Again ?

By | May 13, 2017

As discussed in Last Analysis    Bank Nifty made high of 22977 doing our target of 22940 and now holding 20700 we can move towards 23110.Bearish only below 22500. Hope traders are njoying this wonderful ride we are having in market. Dance till the music lasts. Bank Nifty finally closed below 22700 suggesting bulls are near… Read More »