Last Week we gave Chopad Level 15710 Bank Nifty gave LOng on Monday and did 2 target on upside , Lets analyze how to trade Bank Nifty in coming Expiry Week.
Bank Nifty Hourly
As discussed last week Coming week we are entering a new channel high at 16056 Low at 15350 so these 2 levels needs to be seen.
Bank Nifty held on to channel and above 21/34 ema, continuing bullish trend, Now close above 16000 required for next move till16339/16500.
Bank Nifty Harmonic
As discussed last week Now closing above 15732 can see 15912.
15912 done, Now close above 16000 required for 16500, else we will see correction till 15550
Now need a close above 16000 for 16500.
Bank Nifty Supply and Demand
Close above 16188 is required for move towards 16800/17000.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 28/31 March is Gann Turn date , except a impulsive around this dates.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 232 points closing @15887 closed above its middle line of AF . Bank nifty needs to close above 16000 on weekly basis for next move till 16800. Else will see correction till 15500-15300.
Bank Nifty Monthly
Monthly chart took resistance of 61.8 %,and heading towards 50% as shown above.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:16000
Bank Nifty Resistance:16188,16350,16500
Bank Nifty Support:15880,15700,15530
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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