Bank Nifty Outlook and Trend for 09-13 July

By | July 8, 2018 3:37 pm

Last Week we gave Chopad level of 26443 Bank Nifty opened gap down and did not come near the chopad level, Long were initiated on Thursday but failed to do target of 26700 so bad week for chopad followers.Lets see how we trade Bank nifty in coming week.

 

 

Bank Nifty Harmonic Pattern

Waiting for target of 27190  till we are 26200.

Supply and Demand Analysis

 

Self Explanatory chart..

Planetary Cycles and Bank Nifty Movements

As discussed in last analysis For coming week as we confluence of time cycle 05-06 July Bulls need close above 26444 for a move back to 26666/26920/27064. Bearish below 26352 for a move back to 26210/26064.

Bank Nifty is trading between the planetary lines as shown in above chart. Bulls need a close above 26555 for a move back to 26666/26784/26930/27064. Bearish below 26410 for a move back to  26250/26064.

Gann Angles

Waiting for 27000/27200 till we are holding 27200.

 

Bank Nifty Gann Dates

Bank Nifty As per time analysis 09/12 July is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was positive week, with the Bank Nifty up by 129 points  closing @26493 .As discussed in last analysis  For coming week as we confluence of time cycle 05-06 July Bulls need close above 26444 for a move back to 26666/26920/27064. Bearish below 26352 for a move back to 26210/26064.

Low made was 26060 so bank nifty did 26064 below 26352. For coming week Bulls need a close above 26555 for a move back to 26666/26784/26930/27064. Bearish below 26410 for a move back to  26250/26064.

Bank Nifty Monthly

Bulls need to close above 26500 for momentum to continue in their favor for July series, else bears will push index back to 26000

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:26555

Bank Nifty Resistance :26700,27920,27087

Bank Nifty Support :26410,26250,26064

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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Category: Bank Nifty Weekly Analysis

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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