Bank Nifty forms Weekly Hammer,Weekly Analysis

Last Week we gave Chopad Level 14994 Bank Nifty did 2 target on downside and 1 Target on Upside. We got multiple trades in whole week as the volatility was at its peak in bank nifty

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Lets analyze how to trade Bank Nifty in coming week.

Bank Nifty Hourly

Bank Nifty Hourly

Bank Nifty took support @225 degree as we discussed last week and move towards till 180 degree. Holding 180 degree @15460 can see move towards 15941/16050. Break of 180 can see move towards 225 degree @14850/14900.

Bank Nifty Harmonic


Bank Nifty can see rise till 15693 as per ABCD pattern.

Bank Nifty Supply and Demand


Self Explanatory Chart

Bank Nifty Gann Dates

Bank Nifty As per time analysis  25/29 Jan is Gann Turn date , except a impulsive around this dates.

Fibonacci technique

 Fibo Retracement

Bank NIfty FR

Fibo levels to be watched in coming week, 15218/15819/15914.

Bank Nifty Weekly

Weekly AF

It was positive week, with the Bank Nifty up by 291 points  closing @15497  took support at lower end of AF median line,forming a Hammer candlestick also unable to close above its 20/50 WSMA and  100 WSMA. Resistance on upside comes at middle level of AF line @15875 and gann resistance at 15914.

Bank Nifty Monthly

Bank Nifty Monthly

Monthly chart broke support at 50% and went towards 38.2% as we have discussed last week.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:15550

Bank Nifty Resistance:15670,15797,15910

Bank Nifty Support:15380,15280,15000

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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