Bank Nifty Weekly Forecast for Sep Expiry

By | September 23, 2018

Last Week we gave Chopad level of 27225 Bank  Nifty gave short entry and did all 3 target on downside and we also seen the effect of time cycle confluence date market was in free fall, so excellent week for chopad followers. Lets see how we trade nifty in coming week as we approach important time cycle date of 25 Sep.

Bank Nifty Harmonic Pattern

 

No Valid Harmonic Pattern Formed

 

Supply and Demand Analysis

 

Self Explanatory chart.. Bears have firm control as bank nifty trading below green line.

Planetary Cycles and Bank Nifty Movements

As discussed in last Analysis  Now Bulls need to conquer 27225 for upmove to continue towards 27500/27640. Bearish below 27072 for a move back to 26896/26784/ 26640

All Bearish target done, Now below 25496 bears have upper hand towards 25225/25000/24700. Bullish above 25700 for a move back to 25888/26060/26200

 

Gann Angles

Reacted perfectly from gann angle Resistance below 25000 heading towards 24500-24000

 

Bank Nifty Gann Dates

Bank Nifty As per time analysis 25 Sep is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was negative week, with the Bank Nifty down by 1566 points  closing @25596. As discussed in last Analysis   Now Bulls need to conquer 27225 for up move to continue towards 27500/27640. Bearish below 27072 for a move back to 26896/26784/ 26640.Time Cycle date of 20 Sep is very important.

High made was 27000 so bears had upper hand from the start of the week and we had the big fall after time cycle date of 21 Sep, 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.

Bank Nifty Monthly

As we are approaching monthly closing in coming week bulls need to close above 26100 else bears will have upper hand in October month which is traditionally a Bear month.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:25520

Bank Nifty Resistance:25710,25888,26064

Bank Nifty Suport:25400,25225,25001

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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4 thoughts on “Bank Nifty Weekly Forecast for Sep Expiry

  1. arindam

    Will sell 25000 PE …. my view expiry will be up. Good correction happened in banking sectors in last 2 weeks.

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