Last Week we gave Chopad Level 23530 Bank Nifty made low of 23535 on Monday and did 2 target of 23800 by Thursday, High made was 23897 so did not do the last target of 23970. Shorts were triggred on Friday but were not rewarding as low made was 23507 and closed above it resulting in small loss of 13 points, so good week for Chopad followers.Lets see how to trade in coming week as we see the effect of time cycles.
Bank Nifty Hourly
As discussed in last analysis Coming week as long as 23477-500 range is held bulls have upper hand and can push bank nifty towards 23760/23950. Bearish below 23400 for a move towards 23150/23000.
High made was 23897 , coming week Holding 23500 we can see rise till 23860/24000. Bearish below 23500 for a move towards 23320/23290.
Bank Nifty Harmonic Pattern
Holding 23470-23500 we can march towards 23663/23760/23900/24086.
Supply and Demand Analysis
Bulls should hold 23500-23460 range for the next round of upmove.Bearish below 23300 for a move towards 22977/22500.
Bulls need to hold 23470-500 range for a move till 23760/24000.
Bearish below 23300 for a move towards 23000.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 27/30 June is Gann Turn date , except a impulsive around this dates.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 40 points closing @23542 closing above upper end of quadrant .As discussed in last analysis Coming week as long as 23477-500 range is held bulls have upper hand and can push bank nifty towards 23760/23950. Bearish below 23400 for a move towards 23150/23000. 22-23 June is crucial turn date as per time analysis.
High made was 23897 and low made was 23507 so time cycle played till perfection. Now for coming week 24 June was monthly time cycle date so low made on 23 June will play crucial role, Holding 23500 we can see rise till 23860/24000. Bearish below 23500 for a move towards 23320/23190.
Bank Nifty Monthly
High made was 23708 now holding 23300 we can see move till 24144.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:23616
Bank Nifty Resistance:23760,23880,24024
Bank Nifty Support:23500,23270,23000
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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