Bank Nifty Weekly Forecast for 18-22 June

By | June 17, 2018

Last Week we gave Chopad level of 26520 Nifty gave Long/Short  entry on Monday did 1 target on both side,Short were triggered on . Shorts triggered  on Friday  did 1 target on downside so an average week for chopad followers. Lets see how we trade Bank nifty in coming week, as we approach Important time cycle date on 22 June.

 

 

 

Bank Nifty Harmonic Pattern

Waiting for target of 27412.

Supply and Demand Analysis

 

Self Explanatory chart..

Planetary Cycles and Bank Nifty Movements

Below 26200 can see fast fall towards 26000/25920. Bullish  above  26500 for a move towards 26666/26782/27000.

Gann Angles

 

As discussed in last analysis  Bulls now need a close above 26500 for the next move towards 26666/26800/27000. Bearish below 26350 for a move back to 26200/26070/25920.

Bulls did 26765 and did not  let bears break 26350 on downside.  Coming Week Bulls need to close above 26510 for the move to continue towards 26666/26765/26920. Bearish below 26350 for a move back to 26200/26070/25920.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 19/22 June  is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was negative week, with the Bank Nifty down by 33 points  closing @26417 .As discussed in last analysis Coming week Bulls need to close above 26500 for the next move towards 26666/26800/27000. Bearish below 26350 for a move back to 26200/26070/25920. Time Cycle confluence of dates coming on 12-14 June.

Bulls did 26765 and did not  let bears break 26350 on downside.Time cycle confluence failed to show the effect suggest time is getting over balanced and we can see big move in coming week. Bulls need to close above 26510 for the move to continue towards 26666/26765/26920. Bearish below 26350 for a move back to 26200/26070/25920.

Bank Nifty Monthly

Bulls need to close above 26920 for momentum to continue in their favor for June series, else bears will push index back to 26000

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:26450

Bank Nifty Resistance :26555,26673,27920

Bank Nifty Support :26300,26150,26000

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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