Bank Nifty Weekly Forecast for 17-21 April

By | April 16, 2017

Last Week we gave Chopad Level 21510 Bank Nifty  gave Long entry chopad followers  and did 1 target on Upside .  Lets Analyze how to trade Bank Nifty in coming week.

Bank Nifty Hourly

 

As discussed in last analysis Coming week 21350 needs to be hold for a move till 21800/22000. Below 21350 fall till 21200/21000

21800 done now for coming week 21450-21500 held we will move towards 22000. Bearish below 21450 for move towards 21250/21000.

Bank Nifty Harmonic Pattern

 

Last Week Target done of 21747 now coming week Bulls need to hold 21450-480 for a move till 21850/22000.

Supply and Demand Analysis

 

21450-21500 imp Support zone.

Gann Angles

 

21500 done now bulls need to hold 21320-21350 for a move till 21800/22000

Bank Nifty Gann Dates

Bank Nifty As per time analysis 17/20 April is Gann Turn date , except a impulsive around this dates.

Bank Nifty Weekly

It was positive week, with the Bank Nifty up by 200 points  closing @21686 . Now for coming week bulls need to hold 21300-21350 range for the upmove towards 21800/2200. Bears below 21500 can push bank nifty to 21350/21000.

Bank Nifty Monthly

Monthly chart needs to hold 21800, Bulls to continue have upperhand towards 22000

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:21620

Bank Nifty Resistance:21800,22000,22222

Bank Nifty Support:21500,21350,21220

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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