Last week we gave Nifty Chopad level of 17126 . Lets analyze how to trade Bank Nifty in coming expiry week.
Bank Nifty Hourly
Bank Nifty Trendline support comes @ 17700, Bank Nifty can rise all the way to 18500 before any profit booking comes in.
Bank Nifty EW Daily
Bank Nifty daily chart is showing impulsive 5 wave and have moves above 18000 now can continue till 18500 where we will review it once again.
Bank Nifty Daily Bias
Bank Nifty daily bias has turned to Buy the Dips for next week.
Bank Nifty Gann Dates
As per time analysis 25 November is Gann Turn date , except a impulsive around this date. Last week we gave 19 November is Gann Turn date and Nifty showed expected move.
Fibonacci technique
Fibonacci Fans
Bank nifty is now entering in resistance zone of 18500 odd levels, unable to cross Fibo Fan high can see profit booking.
Bank Nifty Weekly
Bank Nifty Weekly chart As per AF bank nifty target can now exetend to 18500/19000 odd levels as shown in above chart.
Bank Nifty Monthly
Bank Nifty is also approaching the trendline on upside signalling bulls needs to be cautious now.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:18166
Bank Nifty Resistance:18296,18426,18556
Bank Nifty Support:18036,17096,17776
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
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