Bank Nifty Weekly Forecast for Oct Expiry

By | October 21, 2018

Last Week we gave Chopad level of 25488 Bank Nifty gave Long entry and did all 3 target on upside and short on Wednesday gave all 3 target on Downside, so excellent week for chopad followers. Lets see how we trade nifty in coming week as we approach important time cycle date of 23 Oct.

Bank Nifty Harmonic Pattern

No Valid Harmonic Pattern Observed.

 

 

Supply and Demand Analysis

 

As discussed in last Analysis Self Explanatory chart. 25901 very important level to watch out in coming week above 25525.

High made was 25915 so we touched the trend change level and crashed 1000 points.

Planetary Cycles and Bank Nifty Movements

As discussed in last Analysis  Now Bulls need to hold 25366 for coming week for the rally to continue towards 25700/25920/26050. Bearish below 25300 for the move towards 25125/24920/24784/24555. 17 Oct very important trend change date.

25920-24920 both done. Coming week bank nifty bears need to break 24920 for a fall towards 24646/24500/24100. Bullish above 25225 for a move back to 25500/25784/25900.

Gann Angles

Bounced from gann angle.

 

Bank Nifty Gann Dates

Bank Nifty As per time analysis 23 Oct is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was negative week, with the Bank Nifty up by 300 points  closing @25086 . As discussed in last Analysis Now Bulls need to hold 25366 for coming week for the rally to continue towards 25700/25920/26050. Bearish below 25300 for the move towards 25125/24920/24784/24555. 17 Oct very important trend change date.

25920-24920 both done. Coming week bank nifty bears need to break 24920 for a fall towards 24646/24500/24100. Bullish above 25225 for a move back to 25500/25784/25900. 23 Oct very important trend change date.

Bank Nifty Monthly

 

 

 

As discussed in last Analysis For Oct month 24900 will play crucial role.Any close below it can see downfall towards 24500/24100.

Low made last week 24923 so bulls are protecting lower level. Any close below 24900 can see downfall towards 24500/24100.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:25100

Bank Nifty Resistance:25225,25450,25700

Bank Nifty Support:24920,24784,24500

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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