Bank Nifty Weekly Forecast for July Expiry

By | July 26, 2015

Last week we gave the Chopad level of 19076 Bank Nifty did 3 target on downside and got stopped on upside. Lets analyze how to trade market in Expiry week as we have many index heavyweight declaring results.

Bank Nifty Hourly

Bank Nifty Hourly

Bank Nifty need to sustain above 4×1 line for bulls to act else 18400/18300 can be seen.

Bank Nifty Pyrapoint Indicator

BANKNIFTY - Pyrapoint

Bank NIfty has been trading in the range of 135 and 90 degree pyrapoint angle, 90 degree has proved to be an elusive resistance from past 2 months.

Supply Demand Zone

Support

Demand and supply zones are shown above,Entered the supply zone,and again unable to cross

 

Gann Box

Gann Box

As per gann box unable to hold 50% green line will have bearish implication in short term.

Bank Nifty EW Daily

BN Daily EW

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

Who bought banking stocks should have been rewarded handsomely, profit booking is always advised.

 

 

Bank Nifty Gann Dates

Bank Nifty As per time analysis  27/31 July is Gann Turn date , except a impulsive around this dates. Last week we gave   24/27 July Nifty saw a volatile move .

 

Fibonacci technique

Gann Fans

Bank NIfty FF

 

 

Bank NIfty FR

38.2% retracement @18600 and 50%@  18858  should be closely watched for further price action.

Bank Nifty Weekly

Weekly AF

It was negative week, with the Bank Nifty down by 458 points  closing @18635 , price again held its median of  AF line. Holding the same it can move to 19000 zone target as per AF.


BN Weekly Time Analysis

 

Bank Nifty Monthly

Bank Nifty Monthly

Again  Monthly unable to cross Breakout level.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:18680

Bank Nifty Resistance:18800,18985,19150

Bank Nifty Support:18580,18460,18300

 

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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10 thoughts on “Bank Nifty Weekly Forecast for July Expiry

  1. Bramesh Post author

    Longs will be taken only above chopad level

  2. Bramesh Post author

    Chartnexus,Amibroker,Ninjatrader, Motivewave Gunner

    Rgds,
    Bramesh

  3. Vinay

    sir, which is the charting software you’re using

  4. vinod

    Bank Nifty Weekly Chopad Levels
    Bank Nifty Trend Deciding Level:18680
    Bank Nifty Resistance:18800,18985,19150
    Bank Nifty Support:18580,18460,18300

    These are the levels right.. Just wanted to be sure… if 18300 level is the right level (spot BN) to go long.. what should be the SL levels for this trade and if it can be averaged at what levels should we average…

    Sorry if this answer is already there in the blog… but i wasnt able to decipher it properly … hence asking…

  5. Bramesh Post author

    levels are mentioned in weekly analysis please check it out..

  6. vinod

    18300 is the chopad levels to go long inbank nifty?

  7. Gaurav

    Sir since 18340 has been achieved … should we long from here on… or wait for it come to 18300 levels.. please guide…

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