Last Week we gave Chopad Level of 19500 Nifty opened with a gap down and did all 3 target on downside so EXCELLENT week for chopad followers. Coming week we have 2 important astro date on 18/20 May.
Bank Nifty Harmonic
No new pattern observed.
Bank Nifty Gann Angles
Bank Nifty near support zone of 18500-18600.
Planetary Cycles and Bank Nifty Movements
Bulls will become active above 18800 for a move back to 19000,19200,19500,19875.Bears will get active below 18450 for a move towards 18225,18000,17769,17424.
Bank Nifty Supply and Demand
Self Explanatory chart..
Bank Nifty Time Analysis Pressure Dates
Nifty As per time analysis 18/20 May is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly Chart
Bulls will become active above 18800 for a move back to 19000,19200,19500,19875.Bears will get active below 18450 for a move towards 18225,18000,17769,17424.
Bank Nifty Monthly Charts
Bank Nifty Bulls need to move hold 18462-18500 range for a bounce towards 19000/19444, Break of 18450 can see fall towards 18000/17500.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:18769
Bank Nifty Resistance:18950,19200,19500,19881
Bank Nifty Support:18496,18225,18050,17800
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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