Bank Nifty Weekly Study

Last week we gave the Chopad level of 16250 Bank Nifty gave Long entry on Monday and continued with the Rally throughout the week achieved all 3 target on Upside by Thursday. Lets analyze how to trade Bank Nifty in coming week.This will be the Last weekly analysis of 2015 as coming week due to personal commitments No Weekly and Daily Analysis will be published from 24 Dec-30 Dec.

Bank Nifty Hourly

BANKNIFTY - Pyrapoint

Bank Nifty again got sold off from 90 degree angle.

Bank Nifty Harmonic

Bank Nifty Harmonic

Till 16777 is not crossed as per SHARK pattern Bank nifty can move towards 16269/16114,


Gann Angles

Gann Angles

Gann Angles with medium term view is shown above.

Bank Nifty Supply and Demand


Self Explanatory Chart

Bank Nifty Gann Dates

Bank Nifty As per time analysis  23 Dec  is Gann Turn date , except a impulsive around this dates. Last week we gave  16 Dec Bank Nifty saw a volatile move .

Fibonacci technique

 Fibo Retracement

Bank NIfty FR

Fibo levels to be watched in coming week, 16923/16663/16291

Bank Nifty Weekly

Weekly AF

It was positive week, with the Bank Nifty up by 251 points  closing @16595 bouncing from AF medial line  also unable to close above its 20/50 WSMA, closed above 100 WSMA, Bulls will be safe only on Weekly close above 16900, till than rallies will get sold into.

BN Weekly Time Analysis

Bank Nifty Monthly

Bank Nifty Monthly

Monthly chart took support at 38.2% and showed some respite.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:16500

Bank Nifty Resistance:16670,16850,17000

Bank Nifty Support:16270,16025,15930

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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