Last Week we gave Chopad level of 29125 Bank Nifty did 2 target on upside so excellent week for Chopad followers and we also seen the effect of Ingress dates as shown in below video. Let see how to trade in coming week as we approach important time cycle date on 21 May and also Lok Sabha Election results coming.
Bank Nifty Harmonic Pattern
Till we are holding 29225 Upgraded target 29900/30300/30666/31470
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Bulls need to move above 29700 for a move back to 30000/30250/30390/30666/30810/31000. Bearish below 29100 for a move back to 28800/28640/28500/28300/28000.
Gann Angle Support held as low made 28525 and 1000 point bounce back in 2 days
Bank Nifty Gann Dates
Bank Nifty As per time analysis 21/23 May is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
Now coming week Bulls need to move above 29700 for a move back to 30000/30250/30390/30666/30810/31000. Bearish below 29100 for a move back to 28800/28640/28500/28300/28000.
Bank Nifty Monthly
Bulls now need to close above 29125 in May month momentum to be in there favor towards 29666/30500/31000/31500. Bear will get active below 28900 for a move back to 28800/28640/28500/28300.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:29700
Bank Nifty Resistance:29900,30212,30555,30865
Bank Nifty Support:29400,29100,28800,28500,28000
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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