Bank Nifty Weekly Forecast for 18-22 Sep

By | September 17, 2017

Last Week we gave Chopad Level 24480  Bank Nifty opened above the chopad level, Hence chopad followers were unable to take trade. Lets see How to trade Nifty in coming week as we approach the crucial trend change date of 23 Sep. Last Week time cycle of 18 Sep did give a good trade.

 

 

Bank Nifty Harmonic Pattern

25000-25050 is crucial zone for bank nifty unable to cross that we can see fall till 24510/24000.

 

 

Supply and Demand Analysis

 

Self Explanatory chart..

Gann Angles

Bank nifty corrected from gann angle resistance as shown in above chart and now gann angle support at 23800 and bounce from that. Perfect trade in between gann angles. As Discussed in Last Analysis Above 24480 again a move towards 25000, Below 24200 move towards 23800/23500.

25000 done , now next target above 25050 is 25300-25500.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 18/22 Sep  Gann Turn date , except a impulsive around this dates.

Bank Nifty Weekly

It was positive week, with the Bank Nifty up by 473 points  closing @24844 , As Discussed in Last Analysis Bulls need a close above 24510 for a move towards 24820/25000. Bearish below 24200 for a move towards 23950/23755/23540/23255/23000.Bank Nifty  new time cycle start 11 Sep-18 Sep.

Bullish above 25050 for a move towards 25200/25323/25500. Bearish below 24480 for a move towards 24250/24000.

Bank Nifty new time cycle start 11 Sep-18 Sep ended on positive note. Now the date of 23-26 Sep are very important as per time analysis and we can see the trend change in market around these date.

Bank Nifty Monthly

Now bears need close below 24000 for next move towards 23500/23000. Bullish above 24470 for a move towards 25000/25300. 25000 Done waiting for 25300.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:24912

Bank Nifty Resistance:25050,25200,25350

Bank Nifty Support:24780,24600,24480

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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