Last Week we gave Chopad level of 30666 Bank Nifty gave Short and Hit SL Long on 25 June did all 3 target on Upside so EXCELLENT week for chopad followers. Lets see how to trade Bank Nifty in coming week as we approach the Budget Week.
Bank Nifty Harmonic Pattern
Till we are holding 30561 we can rally towards 31333/31666/32000.
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Bulls need to move above 31200 for a move back to 31500/31784/32000 Bearish below 31000 for a move back to 30784/30533/30359/30000/29666
Bulls need to hold 31000 for June month for the rally to continue towards 32700. Bears will get active below 30800 for a move back to 30500/30250/30000/29580
Bank Nifty Gann Dates
Bank Nifty As per time analysis 02/04 July is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
Now coming week Bulls need to move above 31200 for a move back to 31500/31784/32000 Bearish below 31000 for a move back to 30784/30533/30359/30000/29666
Bank Nifty Monthly
For July month 31026 should be watched in any decline will act as support zone.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:31200
Bank Nifty Resistance: 31405,31580,31800,32054
Bank Nifty Support:31000,30784,30533,30359
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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