Bank Nifty Weekly Forecast for 26 Feb-02 March

By | February 25, 2018

Last Week we gave Chopad Level 25100 Bank Nifty gave multiple entry  for both long and short  as per Chopad Level in last week and did all 1 target on both upside and  downside, So Average week for Chopad followers. Lets see how we trade nifty in coming week as we have monthly closing.


Bank Nifty Harmonic Pattern

Till we are holding Guj Election recent low of 24781 we can see the rally back towards 28000.

Supply and Demand Analysis


Self Explanatory chart..

Gann Angles

Bounced from gann support zone.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 26/28 Feb is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was positive week, with the Bank Nifty up by 138 points  closing @25302. As discussed in Last analysis  For coming week we have confluence of time cycle on 19/22 Feb so bulls need to trade above 25250 for a move back towards 25555/25800. Bearish below 25100 for a move towards 24900/24750.

Low made on 22 Feb and big rally came. For coming week bulls need a close 25350 for up move to continue towards 25555/25750/26000. Bearish below 25150 for a move back to 25000/24760.

Bank Nifty Monthly


Monthly bulls need a close above 26000 for the bull rally to continue.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:25355

Bank Nifty Resistance :25500,25710,25920

Bank Nifty Support :25200,24980,24820

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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