Bank Nifty Weekly Forecast for 1 Trading Week of 2018

By | December 31, 2017

May this new year be a joyful ride for you and your family. Here’s wishing you best year ahead. Happy New Year!

Traders New Year’s Resolutions for 2018

Nifty Technical Outlook and Time Cycle Dates for 2018

Lets see How to trade  Nifty in coming week as we approach 2018.

 

Bank Nifty Harmonic Pattern

 

We are forming a bullish ABCD pattern with PRZ zone coming around 26779, Bulls need to close above 25555 for a move towards for 25780/25920/26300/26779.

 

 

Supply and Demand Analysis

 

Self Explanatory chart..

Gann Angles

As per gann angle Break of 25400 for a move towards higher end of gann angle at 25920.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 01/03 Jan is Turn date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was negative week, with the Bank Nifty down by 109 points  closing @25539. Coming week 01/03 Jan is important time cycle turn date. Bulls need a close above 25555 for a breakout for a move towards 25780/25920. Bearish below 25400 for a move towards 25250/25000.

Bank Nifty Monthly

Bank Nifty Bulls held to 25000 on Monthly and Yearly closing basis. 25000 will play crucial role in Jan month.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:25555

Bank Nifty Resistance:25700,25920,26213

Bank Nifty Support:25320,25050,24780

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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