Bank Nifty Weekly Forecast after US air strikes on Syria

By | April 15, 2018

Last Week we gave Chopad level of

el of 24350 Bank Nifty did not touch the chopad level in last week, so no trade was initiated as per chopad levels Lets see how we trade nifty in coming week,as this rally reach 3 week and we are near important level of 10512. .

 

Bank Nifty Harmonic Pattern

As discussed in last analysis Bank Nifty is forming a bullish abcd patter with target as mentioned. Bulls need close above 24476 for upmove to continue towards 25000.

25000 done now bulls need to hold 25000 for the upmove to continue towards 25661/25800.

Supply and Demand Analysis

 

Self Explanatory chart..

Gann Angles

Bullls need to close above 25411 for the rally towards 25661/25800

Bank Nifty Gann Dates

Bank Nifty As per time analysis 16/19 April is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was positive week, with the Bank Nifty up by 327 points  closing @2200. As discussed in last analysis  Now Bulls need to hold 24500 zone were the upmove to continue towards 24920/25200. Bearish below 24476 for the move towards 24250/24000.

25200 done. Now bulls need to close above 25250 for a move back to 25411/25555/25661. Bearish below 25000 for a move towards 24800/24600.

Bank Nifty Monthly

24235 will play crucial role  for April series. Till Bulls are holding it they have upperhand.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:25250

Bank Nifty Resistance :25464,25666,25800

Bank Nifty Support :25050,24888,24666

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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