Bank Nifty Weekly Forecast for June Expiry

Last week we gave the Chopad level of 17525  Bank Nifty achieved 2 target on upside and 1 target on downside rewarding discipline chopad followers .Lets analyze how to trade next expiry  week.

Bank Nifty Hourly

Bank Nifty Hourly

Bank Nifty with gann angles are shown,  need to close above 3×1 on hourly basis  for bulls to get momentum to move towards 2×1 line.

Bank Nifty Hourly  EW Daily

Bank Nifty Hourly EW

Hourly Elliot wave analysis is shown, 17950  will play crucial levels next week. Holding the same initial move can be seen till 18200/18400.

Bank Nifty Pyrapoint Indicator

BANKNIFTY - Pyrapoint

Traded well in the range of Pyrapoint Analysis Support @180 degree line , resistance at 135 degree line.

Supply Demand Zone


Self Explanatory chart depicting Supply and Demand zone. Again bounced back from the demand zone 🙂


Bank Nifty Harmonic

Daily Harmonic

As discussed last week Bank Nifty has completed its Cypher pattern holding the low of 17200 can see initial bounce towards 17800 above that 18200.

17800 done waiting for 18200 once 17950 is crossed in coming week.

Bank Nifty EW Daily

BN Daily EW

Use dips to keep accumulation quality banking stocks. Long term targets are still pending as shown above.


Bank Nifty Daily Gunner

Daily Gunner

On Daily chart  as per Gunner has taken support at the horizontal line and also close above the 1*1 gann line now move above 17900 can see good move on upside 18150/18400.

Bank Nifty Gann Dates

Nifty As per time analysis 22 June/25 June  is Gann Turn date , except a impulsive around this dates. Last week we gave 17 June/19 June  Bank Nifty saw a volatile move .


Fibonacci technique

Fibonacci Fans

Bank NIfty FF


Again held on to its 38.2 % and heading towards 50% as per FF

Bank NIfty FR

17969 and 18055 should be closely watched for coming week.

Bank Nifty Weekly

Weekly AF

It was positive week, with the Bank Nifty up by 357 points  closing @17880 , price again held its 55 WSMA and also AF line . We are in volatile to bullish time cycle for coming week.

BN Weekly Time Analysis



Bank Nifty Weekly  Gunner

Weekly Gunner

Weekly Gunner gave us single of Bull rally coming, holding red arc. Heading towards the grey line.

Bank Nifty Monthly

Bank Nifty Monthly

Bank Nifty On Monthly chart prices got accepted at lower end of Fibonacci channel now held the 61.8% retracement.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:17906

Bank Nifty Resistance:18036,18166,18296

Bank Nifty Support:17776,17646,17516

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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One Comment

  1. viji said:

    First Target achieved…

    June 22, 2015

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