Last Week we gave Chopad level of 31260 Bank Nifty made low of 31284 on Monday and gave us long entry and did 2 target on Upside, Short came on RBI day and did 2 target on downside awesome week for chopad followers. Lets see how to trade in coming week as we Important astro date coming on 10 June.
Bank Nifty Harmonic Pattern
Till we are holding 30561 Upgraded target 32000/32400/32753
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Bulls need to move above 31100 for a move back to 31250/31500/31784/32000 Bearish below 30800 for a move back to 30666/30500/30265/30000.
Bulls need to hold 31000 for June month for the rally to continue towards 32700. Bears will get active below 30560 only
Bank Nifty Gann Dates
Bank Nifty As per time analysis 10/12 June is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
Now coming week Bulls need to move above 31100 for a move back to 31250/31500/31784/32000 Bearish below 30800 for a move back to 30666/30500/30265/30000
Bank Nifty Monthly
For June month 30561 should be watched in any decline will act as support zone.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:31100
Bank Nifty Resistance: 31260,31500,31784,31930
Bank Nifty Support:30940,30810,30666,30500
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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