Last Week we gave Chopad Level of 20444 Bank Nifty opened with a gap down and did all 4 target on downside so EXCELLENT week for chopad followers. Coming week we have 2 important astro date on 11/13 May.
Bank Nifty Harmonic
Harmonic Pattern target done at 20150/19653 and no new pattern observed.
Bank Nifty Gann Angles
Heading towards the support zone of 18800-19000.
Planetary Cycles and Bank Nifty Movements
Bulls will become active above 19500 for a move back to 19735,20000,20275,20500.Bears will get active below 19300 for a move towards 19044,18769,18500,18225,18000.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 11/13 May is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
Bulls will become active above 19500 for a move back to 19735,20000,20275,20500.Bears will get active below 19300 for a move towards 19044,18769,18500,18225,18000.
Trading Monthly Charts
Nifty Bulls need to move above 19610 for a bounce towards 20225, Break of 19000 can see fall towards 18000.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:19500
Bank Nifty Resistance:19735,20000,20275,20500
Bank Nifty Support:19300,19044,18769,18500
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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