Bank Weekly Analysis for 11-15 Jan

By | January 10, 2016 10:25 pm

Last Week we gave Chopad Level 16996 Bank Nifty did all target on downside by Monday.

Traders should work on New Year resolutions and use the below 2 post for planning a successful and profitable 2016.

 Traders’ Resolutions for New Year-2016 

New Year Resolutions for Trading Success

Lets analyze how to trade Bank Nifty next week after seeing almost 900 point fall in 1 week of 2016.

Bank Nifty Hourly

BANKNIFTY - Pyrapoint

Bank Nifty once 90 degree was broken fall like 9 pins and took support at 135, Accuracy to granular level all thanks for the developer of Pyrapoint 🙂

Bank Nifty Harmonic

Bank Nifty Harmonic

As discussed last week

Till 17100 is not crossed as per SHARK pattern Bank nifty can move towards 16800/16500,

Harmonic did its target and bank nifty did its target, 16092-16050 levels needs to be watched for Bank NIfty to see bounceback

Bank Nifty Supply and Demand


Self Explanatory Chart

Bank Nifty Gann Dates

Bank Nifty As per time analysis  12 Jan is Gann Turn date , except a impulsive around this dates.

Fibonacci technique

 Fibo Retracement

Bank NIfty FR

Fibo levels to be watched in coming week, 16281/16450/15819

Bank Nifty Weekly

Weekly AF

It was negative week, with the Bank Nifty down by 896 points  closing @16142  taking support at AF median line  also unable to close above its 20/50 WSMA and  100 WSMA,New Time Cycle we were able to catch top and bank nifty turned from the the time analysis start.

BN Weekly Time Analysis

Bank Nifty Monthly

Bank Nifty Monthly

Monthly chart broke support at 38.2% and can had towards 23.6%.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:16050

Bank Nifty Resistance:16200,16350,16500

Bank Nifty Support:15900,15770,15500

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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7 thoughts on “Bank Weekly Analysis for 11-15 Jan

  1. Jay

    which Tool is being used to plot the pyrapoint? I see an ensign software offering it but at a good subscription rate? Any indicators on metatrader already available?

      1. Jay

        Any idea about free tools available online to do the pyrapoint analysis? Is GannGrid indicator any equivalent to the pyrapoint? I just got a pyrapoint_book.pdf on web. will go through that but if not I need to print and draw the grids manually.

  2. Milan

    Why all bank stocks are down at the same time ? I couldn’t find any big issue. What’s wrong with them….


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