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
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
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.
Fibo levels to be watched in coming week, 16281/16450/15819
Bank Nifty Weekly
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.
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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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?
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.
No idea on that. We invest on education a lot so prefer getting the right tools
Why all bank stocks are down at the same time ? I couldn’t find any big issue. What’s wrong with them….