Bank Nifty Weekly Forecast after 11 % Rally in Budget Week

Last Week we gave Chopad Level 13930 Bank Nifty Long initiated  above chopad levels on Monday  did  all 4 target by Wednesday .Lets analyze how to trade Bank Nifty in coming Week. WIshi


Bank Nifty Hourly

Bank Nifty Hourly

As discussed last week Hourly close above the 34 EMA and channel bottom can trigger rally for 14550-14700. Bearish on close below 13500 for 13300/12800

Till Holding above 21/34 EMA bulls are in control for a rise till channel top near 15700/15800

Bank Nifty Harmonic

Bank Nifty_Shark Completion

Shark patter will get complete near 15600-15700 rang expect some correction from that range.

Gann Angles

Bank Nifty bounced

As discussed last week  Holding the low we can see rally till 14500/14800.


Bank Nifty bounced exactly for Gann Angles, and rallied on 1 side as we have price and time squaring which is a strong signal for fast rally. Now need a close above 15700 for next leg of upmove.

Bank Nifty Supply and Demand


Self Explanatory Chart

Bank Nifty Gann Dates

Bank Nifty As per time analysis  10 March is Gann Turn date , except a impulsive around this dates.

Fibonacci technique

 Fibo Retracement

Bank NIfty FF

close above the upper end of line needs follow upmove.

Bank Nifty Weekly

Weekly AF

It was positive week, with the Bank Nifty up by 1547 points  closing @15339  closed around its middle line of AF . Now unable to cross the Middle line of AF can see some correction on bank nifty. Bank nifty needs to hold 15207 on weekly basis for next move till 15700/16152. Else will see correction till 14800.

Bank Nifty Monthly

Bank Nifty Monthly

Monthly chart  took support at 78.6 %,and bounced furiously.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:15451

Bank Nifty Resistance:15555,15682,15800

Bank Nifty Support:15250,15000,14800

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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