Last Week we gave Chopad level of 27225 Bank Nifty gave Long on Thursday we were able to do 2 target on Upside so average week for Chopad Followers. Lets see how we trade Bank Nifty in coming week as we approach time cycle date of 04 Feb.
Bank Nifty Positional Trend Following Trading Strategy
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 27200 for a move towards 27360/2755527648/27792/27936/28100 Bearish below 27000 for a move back to 26920/26785/26500.
Gann Angles
Took Resistance at higher end of gann angle, Breakout above 27500 Breakdown below 27300.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 04 Feb is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
It was negative week, with the Bank Nifty down by 29 points closing @27085 .As discussed in last analysis Bullish above 27504 for a move towards 27648/27792/27936/28100 Bearish below 27350 for a move back to 27100/26920/26785/26500
All Bearish target done. For coming week Bullish above 27200 for a move towards 27360/2755527648/27792/27936/28100 Bearish below 27000 for a move back to 26920/26785/26500.
Bank Nifty Monthly
For Jan Month Bank Nifty Bulls need a close above 27333 for Bulls to continue the rally towards 28000. Any close below 27000 for a quick move towards 26750/26500/26250.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:27190
Bank Nifty Resistance:27360,27555,27784
Bank Nifty Support:27055,26920,26784
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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