Bank Nifty Weekly Forecast after UP Election Results

By | March 13, 2017

Last Week we gave Chopad Level 20610 Bank Nifty gave Long Entry  on Monday did 1 target on upside, Lets analyze how to trade Bank Nifty as we will get a big gap up after the Historic Election Win. Wishing Blog Readers a Happy Holi !!

Bank Nifty Hourly

Hourly chart was near the support line as shown in above chart and should see impulsive move towards 21500.

Bank Nifty Harmonic Pattern

As discussed in last analysis coming week holding 20450 fast move towards 20720/20910/21450.

Waiting for the target of abcd pattern on opening tommrow.

Supply and Demand Analysis

As discussed in last analysis Now bulls should hold 20450 for a move towards 21200-21500. Break of 20450 fast downfall towards 20000.

Low made was 20423, Bulls held on to 20450 and will be rewarded handsomely in coming week.

Gann Angles

Nifty bulls holding to gann support line and heading towards 21500/22000.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 15/17 March March is Gann Turn date , except a impulsive around this dates.

Bank Nifty Weekly

It was positive week, with the Bank Nifty up by 120 points  closing @20727 . Bank Nifty has been trading above the AF lines suggesting bulls are ready for a move towards 21500/22000 which mostly should happen tomorrow.  New Time cycle from 11 March and will end at 27 March with 21/22 March very crucial dates.

Bank Nifty Monthly

Monthly chart needs to hold 20500, Bulls to continue have upperhand towards 22000

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:21428

Bank Nifty Resistance:21620,21850,22000

Bank Nifty Support:21160,20930,20800

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 thought on “Bank Nifty Weekly Forecast after UP Election Results

  1. suresh

    Hourly chart was near the support line as shown in above chart and should see impulsive move towards 20500. Hi Sir i think this should be 21500

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