Fate of BANKNIFTY, View: WEEKLY Basis

Fate of BANKNIFTY , View: WEEKLY Basis:
Like NIFTY , I have not so bullish on Bank Nifty .
Question arises Who can take Charge to Guard or UP NIFTY .
Answer is here.
First: in Weekend i have posted three IT Stock with "+VE" Trend.
Namely, "TCS", "INFY", "TECHM". Though due to time factor i can't published more IT Stock which was in my Scanner.
Today we witnessed +VE movement of those Stocks along with NIFTYIT index.
Second: PHARMA Sector , AUTO Sector.
Third, CPSE Index related Stocks. Many more reason is there.

As of NOW CLOSE 23675.05, Above Crucial Level 23546
Why 23546 is So Crucial ?
#1. FIB R 1.414 of AB at 23546
#2. FIB R 2.0 of BC at 23545
#3. FIB R 0.236 of CD at 23545
(Considering "ABCD" Completed)
As because FIB R 1.618 of BC . (1.618 known as "GOLDEN Ratio")
NEXT Crucial Zone: 22941 to 24015
(though in between there are some more levels.
Levels are: 23241, 22641, 22941 - 22958.
#1. FIB P 0.886 of ABC at 23958
#2. FIB P 0.786 of ABC at 23241
#3. FIB Ext. 0.618 of BCD at 22941
#4. FIB Ext. 0.382 of BCD at 22641
#5. FIB Ext. 0.236 of BCD at 24015

Scenario #1 (in UP Trend):
Projected Point "D" = 24775
If Length of "AB" = Length of "CD" & FIB R 2.414 of BC

Scenario #2 (in UP Trend):
D1 = FIB P 1.13 of ABC at 25707

Scenario #3 (in UP Trend):
D2 = FIB P 1.272 of ABC at 26725

Scenario #4 (in UP Trend):
D3 = FIB R 2.0 of AB at 27744 & FIB Projection 1.414 of ABC at 27743

Scenario #5 (in UP Trend):
Considering in % of Growth - Journey of Point "A" to "B" 53.47%
If we consider same % of Growth, then Ultimate TARGET is to be at 27021
(in Between "Projected "D2" & "D3")

If Bears Take Control:
Projected DN Trend HURDLE at : 22607 - 22037 Zone
Strong Level at 20996. Can Take Support from GANN Line "2 X 1"

FnO levels for Intraday / swing /Positional posted later.

If from tomorrow onward Bears Control the market, then.....

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Disclaimer: Only For STUDY. For taking Trade Decision Consult Financial Advisor.
Jul 11
Comment: At 10.49am of 11/07/2017
As mentioned Like NIFTY i have not Bullish on BANK NIFTY.
WATCH BANKNIFTY Struggling, whereas NIFTY +0.33% (Plus One Third of a Percentage).
NIFTYIT: 10514 (+1.41%)
Jul 11
Comment: In this post i had given some Fib calculation
About 23546 is So Crucial.
If compare with Today's Movement,
Must NOTICE, Made a LOW at 23533.20,

IF WE NOTICE "NSE Sectoral Indices" as EXCEPTED
NIFTY IT: +0.67%, NIFTY AUTO: +0.75% (Take responsibility to protect Nifty & Help NIFTY to made NEW HIGH, While BANKNIFTY Dragging Market whole Day.
All "NSE Sectoral Indices" are in "-VE"
Thus having "-VE" BANKNIFTY (-0.20%), NIFTY was in "+VE" Territory (+0.10%)
Jul 11
Comment: Correction: BANKNIFTY falls 0.38%, not 0.20%, mention in above Comment.
Jul 29
Comment: Scenario #1 (in UP Trend): Completed
Projected Point "D" = 24775 Achieved.
made HIGH @ 25032.25


Congrats for " Projected Point "D" = 24775 Achieved."
@AMBRISH, Thankss, Nearing GANN Arch "5 X 0"
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