Last Week we gave Chopad level of 26800 Bank Nifty gave a Short trade on Monday did 1 target on downside and Long on Tuesday hit SL Short did 2 Target on downside ,so EXCELLENT week for Chopad Followers. Lets see how we trade Nifty in coming week as we approach time cycle date of 08 Jan.
Bank Nifty Harmonic Pattern
Till we are holding 27000 target 27900.
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Bullish above 27225 for a move towards 27340/27532 Bearish below 26920 for a move back to 26784/26666/26500/26225
Took Resistance at higher end of gann angle, Breakout above 27225 Breakdown below 26920.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 02 Jan is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 225 points closing @27125.As discussed in last analysis Coming week Bulls need to trade above 26920 for a move towards 27081/27225/27360. Bearish below 26800 for a move back to 26666/26500/26224
27225 done and 26500 Done on both sides.Bullish above 27225 for a move towards 27340/27532 Bearish below 26920 for a move back to 26784/26666/26500/26225
Bank Nifty Monthly
For December Month Bank Nifty Bulls need a close above 27000 for Bulls to continue the rally towards 28000.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:27360
Bank Nifty Resistance:27496,27656,27810
Bank Nifty Support:27225,27071,26900
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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