Last Week we gave Chopad of 27370 Bank Nifty opened with gap down and did not touch our level so no trade taken, As per time cycle we should be very good move in market in next 2 week.
Bank Nifty Harmonic Pattern
Last week pattern did target on upside, No new pattern observed this week.
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Now coming week Bulls need to move above 27300 for a move back to 27570/27800/28100/28300/28500. Bearish below 27100 for a move back to 26900/26666/26450.
Gann Angles
Near Gann Angle Support of 26500 ,holding it can see move back to 27900/28500
Bank Nifty Gann Dates
Bank Nifty As per time analysis 09/12 Sep is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
Now coming week Bulls need to move above 27300 for a move back to 27570/27800/28100/28300/28500. Bearish below 27100 for a move back to 26900/26666/26450.
Bank Nifty Monthly
Bank Nifty Bulls need to close above 27300 for trend to reverse and rally towards 27600/27900/28500
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:27300
Bank Nifty Resistance: 27540,27870,28100
Bank Nifty Support:27100,26820,26666
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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