Last Week we gave Chopad level of 30666 Bank Nifty gave Short and did 2 target on downside and 1 target on Upside AVERAGE week for chopad followers. Lets see how to trade in coming week as we Important Gann date coming on 24 June.
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 30840 for a move back to 31100/31500/31784/32000 Bearish below 30500 for a move back to 30265/30000/29666
Bulls need to hold 30600 for June month for the rally to continue towards 32700. Bears will get active below 30500 for a move back to 30250/30000/29580
Bank Nifty Gann Dates
Bank Nifty As per time analysis 24/26 June is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
Now coming week Bulls need to move above 30840 for a move back to 31100/31500/31784/32000 Bearish below 30500 for a move back to 30265/30000/29666
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:30666
Bank Nifty Resistance: 30840,31000,31204,31500
Bank Nifty Support:30500,30250,30000,29866
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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