Last Week we gave Chopad Level 17306 Bank Nifty did not give any entry the whole week. Lets analyze for coming week.
Bank Nifty Hourly
Coming week, 17455 needs to be watched closing above it 17557/17670 can be seen quickly. Channel top us around 17750. On Downside break of 17200 can see move towards 16950/16800.
Bank Nifty Harmonic
Unable to close above 18000, Downside can be seen till 16084.
17074 is gann support level, above that market can move back towards 18000,below that 16500/16084..
Bank Nifty Supply and Demand
Bulls need to hold 17029 for next move towards 18000, below below 16800 can do 16550/16200.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 29 June is Gann Turn date , except a impulsive around this dates.
Bank Nifty Weekly
It was negative week, with the Bank Nifty down by 270 points closing @17426 closed above the upper end of the AF line, Now weekly support in range of 17074-17100 holding the low in panic can see market moving back to 18000.
Bank Nifty Monthly
Monthly chart resistance 38.2 % fibo ratio.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:17420
Bank Nifty Resistance:17666,17815,18051
Bank Nifty Support:17300,17100,16900
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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