Bank Nifty Weekly Forecast for 10-14 Aug

Last week we gave the Chopad level of 18830 Bank Nifty did 1 target on upside . Lets analyze how to trade market in coming week as we have CPI and IIP data scheduled for coming week.

Bank Nifty Hourly

Bank Nifty Hourly

Bank Nifty need to sustain above 16×1 line and close above 45 degree line  for bulls to act else 18700/18600 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 and 135 degree strong support.



Gann Box

Gann Box

Bank NIfty held to 4×1 line saw a decent bounceback 2×1 line @19050 should be seen closely 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.

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



Bank Nifty Gann Dates

Bank Nifty As per time analysis  11 August/14 August is Gann Turn date , except a impulsive around this dates. Last week we gave  04 August/07 August Nifty saw a volatile move .


Fibonacci technique

Gann Fans

Gann Fan



Bank NIfty FR

61.8% retracement @19250  and 50%@  19041 Also 18858/18600  should be closely watched for further price action.


Supply and Demand Zone


Supply and Demand zone are shown above, Bank Nifty still unable to close/touch the supply zone of 19141.

Bank Nifty Weekly

Weekly AF

It was positive week, with the Bank Nifty up by 163  points  closing @18893 . Upper end of AF line comes around 18593/18650 so once 19150 is crossed we can see move towards 18600. Support at median of AF line @18700 We are still in Bullish time cycle from 14 June till mid September, correction in between should be bought into with proper risk management.  Hope traders are rewarded

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:18920

Bank Nifty Resistance:19000,19230,19400

Bank Nifty Support:18900,18750,18570


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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  1. Bramesh said:

    Plan and Trade.. Please try to trade on levels as mentioned

    August 11, 2015
  2. sunil said:

    Great call bank nifty

    August 11, 2015
  3. Ravi saboo said:

    Sir i bought bank nifty @19140 what sl i should keep in future
    Pls help

    August 11, 2015
  4. amit said:

    >> so once 19150 is crossed we can see move towards 18600.
    Sir, should be 19600.

    August 10, 2015
  5. Anand said:

    What will be the target for bankindia august future

    August 9, 2015
  6. vishnu said:

    Thank you sir

    August 9, 2015

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