Last Week we gave Chopad level of 26800 Bank gave a Short trade on Monday did all 2 target on downside and Long on Wednesday did 1 Target on Upside, so EXCELLENT week for Chopad Followers. Lets see how we trade Nifty in coming week as we approach time cycle date of 08 Jan.
Bank Nifty Harmonic Pattern
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Bullish above 27225 for a move towards 27340/27532 Bearish below 26920 for a move back to 26784/26666/26500/26225
Took Resistance at higher end of gann angle, Breakout above 27225 Breakdown below 26920.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 08 Jan is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 69 points closing @27195.As discussed in last analysis Bullish above 27225 for a move towards 27340/27532 Bearish below 26920 for a move back to 26784/26666/26500/26225
Bearish level not triggered Bulls did 27340. For coming week Bulls need a close above 27340 for a move towards 27496/27656/27684. Bearish below 27071 for a move towards 26920/26784.
Bank Nifty Monthly
For Jan Month Bank Nifty Bulls need a close above 27231 for Bulls to continue the rally towards 28000.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:27340
Bank Nifty Resistance:27496,27666,27784
Bank Nifty Support:27225,27071,26850
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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