Last Week we gave Chopad level of 27100 Bank Nifty gave Long on Tuesday did 3 target on Upside so EXCELLENT week for Chopad Followers. Lets see how we trade Bank Nifty in coming week as we approach time cycle date of 10 March. Bottom for the week was made on 05 March our time cycle date.
Importance of 09 March as per Gann 10 Year Cycle
Bank Nifty Harmonic Pattern
Till we are holding 27650 target 28225/28500.
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Bulls now need to close above 27790 above 28080/28370. Bearish below 27650 for the move towards 27500/27370.
Reacted from gann angle of resistance.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 12/15 Mar is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 73 points closing @26867 .As discussed in last analysis For coming week Bulls need to close above 27100 for a move back to 27225/27350/27500. Bears will get active below 26900 for a move back to 26784/26666/26500/26250.
All Bullish target done.Bulls now need to close above 27790 above 28080/28370. Bearish below 27650 for the move towards 27500/27370.
Bank Nifty Monthly
As discussed in last analysis For March Month Bank Nifty Bulls need a close above 27100 for Bulls to continue the rally towards 27850/ 28000. Any close below 26900 for a quick move towards 26750/26500/26250.
Bulls now need to close above 27790 above 28080/28370. Bearish below 27500 for the remaining part of the month.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:27795
Bank Nifty Resistance:27936,28080,28224
Bank Nifty Support:27648,27505,27360
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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