Last Week we gave Chopad level of 26920 Bank Nifty gave a Short Trade did all 3 target on downside, Top for the week was made on 03 Dec our time cycle date. Lets see how we trade Bank Nifty in coming week as we approach time cycle date of 10 Dec and Election Results on 12 Dec.
- For Bank Nifty Analysis on Election Day Watch this Video https://www.youtube.com/watch?v=5VTjUA0CPnY
- For Nifty Analysis on Election Day www.brameshtechanalysis.com/2018/12/stock-market-and-state-elections/
Bank Nifty Harmonic Pattern
No Valid Harmonic Pattern Observed.
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Bullish above 26666 for a move towards 26800/27000/27220/ 27340/27532 Bearish below 26500 for a move back to 26250/26000/25920/25784
Gann Angles
Took Resistance at higher end of gann angle, Breakdown below 26100.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 10/13 Nov is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
It was negative week, with the Bank Nifty down by 269 points closing @26595 .As discussed in last analysis Now Bulls need to close above 27000 for a move back to 27225/275000. Bearish below 26820 for a move back to 26663/26500.
Bearish target done and we made top on time cycle date of 03 Dec, Now bulls need to close above 26666 in case of any gap down due to exit poll/election results for up move towards 26800/27000/27220/ 27340/27532 . Bearish below 26500 for a move back to 26250/26000/25920/25784. 10 Dec is very imp time cycle date again, High and low of 10 Dec is very important for next whole week.
Bank Nifty Monthly
For December Month Bank Nifty Bulls need a close above 27000 for Bulls to continue the rally towards 280000. Bearish below 26500 for a move back to 26000/25500 for Dec month.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:26500
Bank Nifty Resistance:26666,26896,27000,27225
Bank Nifty Support:26250,26000,25920.25784
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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