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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