Sunday, 21 December 2014

Bank Nifty Weekly Analysis for Dec Expiry

Bank Nifty Hourly

Bank Nifty Hourly
Bank Nifty hourly chart will breakout above 18600 for target of 18900.

Bank Nifty Hourly  EW Daily

Bank Nifty Hourly EW
Hourly Elliot wave analysis is shown,18600 will play crucial role next week.

Bank Nifty EW Daily

BN Daily EW
This is what we discussed last week Long term Elliot wave is drawn on Bank Nifty which gives target of 19819, so dips till 18000/17800 should be bought into.

Bank Nifty made low of 17504 and zoomed up 800 points.

 Bank Nifty Daily Bias

Bank Nifty Daily Bias
Bank Nifty daily bias has turned to Buy the Dips for next week.

Bank Nifty Gann Dates

As per time analysis 23 December +1 day  is Gann Turn date , except a impulsive around this date.Last week gann date rewarded with 550 points in single day.

Fibonacci technique

Fibonacci Fans

Bank NIfty FF
Bank nifty took support@ Fibo fan line suggesting still in buy on dips mode. Now break of 18600 will suggests new highs are coming.

Bank Nifty Weekly

Bank Nifty Weekly Bias
Bank Nifty Weekly chart took support at middle of  AF line and harmonic pattern suggests still its in buy on dips mode.Break of 18600 will suggest bank nifty can move up and form new life high.

BN Weekly Time Analysis

Bank Nifty Monthly

Bank Nifty Monthly
Bank Nifty in current correction took support@ 200% channel which is extremely bullish in short term. Holding the sam Bank nifty can approach to make a new life highs.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:18556

Bank Nifty Resistance:18686,18946,19076

Bank Nifty Support:18426,18296,18166

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