Last week we gave the Chopad level of 16670 Bank Nifty gave Buy opputunity @16670 for Chopad Followers and did all 3 targets by Friday thus rewarding Chopad Followers by 540 points. We also have trading Holiday on 25 Sep. Lets analyze how to trade market in coming week.
Bank Nifty Hourly
Bank Nifty hourly chart did the target as expected last week analysis
Bank Nifty Pyrapoint Indicator
Resistance@ 180 degree line and Support @225 ,gap above 225 will come to fill it.
Gann Box Analysis
Bank Nifty needs to wait for 2×1 gann line breaking the same not good sign for bulls.
Bank Nifty Supply and Demand
Bank Nifty last Friday reacted from 17569 made high of 17602 saw correction, now 17060 is important level to watch breaking the same bank nifty will move towards 16800/16500/16300 in short term.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 21 September/24 Sep is Gann Turn date , except a impulsive around this dates. Last week we gave 15 September/18 Sep Bank Nifty saw a volatile move .
Fibonacci technique
Fibonacci Retracement
Fibo Fans
Unable to cross 61.8 % fibo fans not a good sign for bulls
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 796 points closing @17409.As discussed last week now crossing 16800 bank nifty is heading towards 17000/17211. For coming week as AF median line is getting resisted unable to cross the same bank nifty will head towards 16800/16500 in short term.
Bank Nifty Monthly
Monthly chart get resisted @ 61.8 @ around 17600
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:17170
Bank Nifty Resistance:17350,17600,17802
Bank Nifty Support:17000,16790,16530
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.
Want to see post in your Inbox,Register by adding your email id in Post in your Inbox section
Follow on Facebook during Market Hours: https://www.facebook.com/pages/Brameshs-Tech/140117182685863