Bank Nifty forms Hammer Weekly Forecast

By | March 13, 2016 6:15 pm

Last Week we gave Chopad Level 15451 Bank Nifty did not initiate any trade as did not come near the Chopad levels.Lets analyze how to trade Bank Nifty in coming Week.

Bank Nifty Hourly

Bank Nifty Hourly


Till Holding above 21/34 EMA bulls are in control for a rise till channel top near 15700/15800

Bank Nifty Harmonic

Bank Nifty

Closing above 15350 Butterfly pattern will be active for target of 15555/15732

Gann Angles

Nifty Resistance near gann angle

Now need a close above 15350 for 15700/16000

Bank Nifty Supply and Demand


Self Explanatory Chart

Bank Nifty Gann Dates

Bank Nifty As per time analysis  15/17 March is Gann Turn date , except a impulsive around this dates.


Bank Nifty Weekly

Weekly AF

It was negative week, with the Bank Nifty down by 171 points  closing @15168 closed around its middle line of AF . Now unable to cross the Middle line of AF can see some correction on bank nifty. Bank nifty needs to hold 15207 on weekly basis for next move till 15700/16152. Else will see correction till 14800.

Bank Nifty Monthly

Bank Nifty Monthly

Monthly chart  took support at 78.6 %,and bounced furiously.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:15360

Bank Nifty Resistance:15555,15682,15800

Bank Nifty Support:15250,15000,14800

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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