Bank Nifty Weekly Analysis for 31 Aug-04 Sep

  


Last Week we gave Chopad Level of 22300 Bank Nifty nifty opened with a gap up low made was 22410 so NO Trade  for Chopad Followers. Bank Nifty continue its uptrend and rallied another almsot 2000 points,coming week 02 Sep is important time cycle date.

Bank Nifty Harmonic

Price can rally towards 26000 levels based on PRZ Zone till we are holding 23800.

Bank Nifty Gann Angles

We got the big move as per expecation

Planetary Cycles and Bank Nifty Movements

Price is near planneatry line resistance again,Break of 22649 for a move back to 24964,25281,25600,25921

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis 02 Sep is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart


breakout above higher end of Channel and almost 10% rally,

 Bank Nifty Monthly Charts

Bulls will become active above 22649 for a move back to 24964,25281,25600,25921.Below 24336 Bears have upperhand can move towards 24025,23716,23409.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:24649

Bank Nifty Resistance:24964,25281,25600,25921

Bank Nifty  Support:24336,24025,23716,23409

 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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