Last Week we gave Chopad level of 26896 Bank Nifty gave Long/Short Entry Multiple time we were able to do 2 target on upside and 1 on downside so Average week for Chopad Followers. Lets see how we trade Bank Nifty in coming week as we approach time cycle date of 09 March.
Importance of 09 March as per Gann 10 Year Cycle
Bank Nifty Harmonic Pattern
Till we are holding 26600 target 27500/27900.
Supply and Demand Analysis
Self Explanatory chart.
Planetary Cycles and Bank Nifty Movements
Bulls need to close above 27100for a move back to 27225/27350/27500. Bears will get active below 26900 for a move back to 26784/26666/26500/26250.
Reacted from gann angle of resistance.
Bank Nifty Gann Dates
Bank Nifty As per time analysis 05/08 Mar is Pressure date , impulsive move can be seen around these dates.
Bank Nifty Weekly
It was positive week, with the Bank Nifty up by 73 points closing @26867 .As discussed in last analysis For coming week we can see a good move as we approach important time cycle of 25 Feb. Bulls need to close above 26920 for a move back to 27000/27225/27350. Bears will get active below 26800 for a move back to 26666/26500/26250.
Both Bullish and Bearish target done. For coming week Bulls need to close above 27100for a move back to 27225/27350/27500. Bears will get active below 26900 for a move back to 26784/26666/26500/26250.
Bank Nifty Monthly
For March Month Bank Nifty Bulls need a close above 27100 for Bulls to continue the rally towards 27850/ 28000. Any close below 26900 for a quick move towards 26750/26500/26250.
Bank Nifty Weekly Chopad Levels
Bank Nifty Trend Deciding Level:27100
Bank Nifty Resistance:27225,27360,27500
Bank Nifty Support:26920,26784,26635
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.