Last Week we gave Chopad Level 20610 Bank Nifty gave Long Entry on Monday did 1 target on upside, Lets analyze how to trade Bank Nifty as we will get a big gap up after the Historic Election Win. Wishing Blog Readers a Happy Holi !!
Bank Nifty Hourly
Hourly chart was near the support line as shown in above chart and should see impulsive move towards 21500.
Bank Nifty Harmonic Pattern
As discussed in last analysis coming week holding 20450 fast move towards 20720/20910/21450.
Waiting for the target of abcd pattern on opening tommrow.
Supply and Demand Analysis
As discussed in last analysis Now bulls should hold 20450 for a move towards 21200-21500. Break of 20450 fast downfall towards 20000.
Low made was 20423, Bulls held on to 20450 and will be rewarded handsomely in coming week.
Nifty bulls holding to gann support line and heading towards 21500/22000.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 15/17 March March is Gann Turn date , except a impulsive around this dates.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 120 points closing @20727 . Bank Nifty has been trading above the AF lines suggesting bulls are ready for a move towards 21500/22000 which mostly should happen tomorrow. New Time cycle from 11 March and will end at 27 March with 21/22 March very crucial dates.
Bank Nifty Monthly
Monthly chart needs to hold 20500, Bulls to continue have upperhand towards 22000
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:21428
Bank Nifty Resistance:21620,21850,22000
Bank Nifty Support:21160,20930,20800
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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