Last Week we gave Chopad of 30851 Bank Nifty Did 3 target on downside so Excellent week for Chopad Followers.Time Cycle Date of 26 Feb made top and we Lets see how to trade next week as we have important time cycle date on 02/04 March
Bank Nifty Harmonic Pattern
As discussed in last analysis Break of 30700 can see fall extending towards 30500/30200/30000.
29000 done waiting for last target of 28500.
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Coming week Bulls need to move above 29400 for a move back to 29633,29876,0100.Bearish below 29000 for a move back to 28800/28565/28400.
Gann Angles
Holding on to Support at 28800-29000
Bank Nifty Gann Dates
Bank Nifty As per time analysis 02/04 March is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly Chart
Coming week Bulls need to move above 29400 for a move back to 29633,29876,0100.Bearish below 29000 for a move back to 28800/28565/28400.
Bank Nifty Monthly
Bank Nifty Bears have upper hand till we close below 296000.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:29250
Bank Nifty Resistance :29400,29663,29876,30000
Bank Nifty Support :29000,28800,28565,28400
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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