Last Week we gave Chopad level of 27340 Bank gave a Short trade on Monday which got Stopped out Long Trade on Tuesday did all 2 target on Upside so Average week for Chopad Followers. Lets see how we trade Bank Nifty in coming week as we approach time cycle date of 14/17 Jan.
Bank Nifty Harmonic Pattern
Till we are holding 27000 target 27900.
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Bullish above 27504 for a move towards 27648/27792/27936/28100 Bearish below 27350 for a move back to 27100/26920/26785/26500
Took Resistance at higher end of gann angle, Breakout above 27500 Breakdown below 27300.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 014/17 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 258 points closing @27453.As discussed in last analysis 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.
All Bullish target done, For coming week Bulls need a close above 27504 for a move towards 27656/27684/27936/28100. Bearish below 27360 for a move towards 27100/26920/26784.
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:27504
Bank Nifty Resistance:27656,27792,28100
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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