Last Week we gave Chopad level of 26666 Bank Nifty gave Multiple Short Entry did 3 target on downside so excellent week for chopad followers. Lets see how we trade Bank nifty in coming week as we approach Important time cycle date on 12 June.
Bank Nifty Harmonic Pattern
Waiting for target of 27412.
Supply and Demand Analysis
Self Explanatory chart..
Planetary Cycles and Bank Nifty Movements
Below 26200 can see fast fall towards 26000/25920. Bullish above 26500 for a move towards 26666/26782/27000.
As discussed in last analysis Above 26784 will play crucial role, above it bulls can hit 27250
Bulls now need a close above 26500 for the next move towards 26666/26800/27000. Bearish below 26350 for a move back to 26200/26070/25920.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 12/14 June is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
It was negative week, with the Bank Nifty down by 241 points closing @26451 .As discussed in last analysis Coming Week 26784 will play crucial role, above it bulls can hit 27250. Bearish below 26666 for a move back to 26496/26250.
Bearish target done.Coming week Bulls need to close above 26500 for the next move towards 26666/26800/27000. Bearish below 26350 for a move back to 26200/26070/25920. Time Cycle confluence of dates coming on 12-14 June.
Bank Nifty Monthly
Bulls need to close above 26920 for momentum to continue in their favor for June series, else bears will push index back to 26000
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:26520
Bank Nifty Resistance :26666,26850,27000
Bank Nifty Support :26400,26250,26060
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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