Bank Nifty Weekly Forecast For Oct 1-Oct 5

By | September 30, 2018

Last Week we gave Chopad level of 25250 Bank Nifty gave short entry and did all 3 target on downside and we also seen the effect of important time cycle date of 25 Sep market was in free fall, so excellent week for chopad followers. Lets see how we trade bank nifty in coming week as we approach important time cycle date of 03 Oct.

Bank Nifty Harmonic Pattern

 

No Valid Harmonic Pattern Formed

 

Supply and Demand Analysis

 

Self Explanatory chart..

Planetary Cycles and Bank Nifty Movements

As discussed in last Analysis  Now below 25496 bears have upper hand towards 25225/25000/24700. Bullish above 25700 for a move back to 25888/26060/26200

24800 done,Now Bears need a close above 25170 for a move back to 25300/25497/25700. Bearish below 24920 for a move back to 24784/24666/24500.

Gann Angles

Took Support at gann angle, Holding 25000 heading towards 25500.

 

Bank Nifty Gann Dates

Bank Nifty As per time analysis 03 Oct is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was negative week, with the Bank Nifty down by 477 points  closing @25120. As discussed in last Analysis   Now Bears need a close below 25500 for a move back to 25225/25000/24800. Bullish above 25700 for a move back to 25888/26060/26200. 25 Sep is important time cycle date.

24800 done,Now Bears need a close above 25170 for a move back to 25300/25497/25700. Bearish below 24920 for a move back to 24784/24666/24500. 03 Oct is important time cycle date.

Bank Nifty Monthly

We had a bad monthly closing and for October month Bulls need to protect 24920 for the upmove towards 25525/25784. Bearish below 24900 for a move towards 24500/24100

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:25170

Bank Nifty Resistance:25300,25525,25666

Bank Nifty Support:25000,24784,24650

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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