Last Week we gave Chopad level of 31200 Bank Nifty gave Short and Hit SL Long on 02 July did all 2 target on Upside so Average week for chopad followers. Lets see how to trade Bank Nifty in coming week as we approach importnat astro date on 08/ 11 July.
Bank Nifty Harmonic Pattern
Till we are holding 31000 we can rally towards 31666/32000.
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Now coming week Bulls need to move above 31500 for a move back to 31784/32000 Bearish below 31400 for a move back to 31200/31000/30784
Gann Angles
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 08/11 July is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
Now coming week Bulls need to move above 31500 for a move back to 31784/32000 Bearish below 31400 for a move back to 31200/31000/30784
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:31420
Bank Nifty Resistance: 31610,31784,31989
Bank Nifty Support:31250,31075,30858
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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