Bank Nifty Weekly Forecast for Feb Expiry

By | February 24, 2019

Last Week we gave Chopad level of 26896 Bank Nifty gave Long on Wednesday  we were able to do 1 target on upside so Average week for Chopad Followers. Good Thing ws our time cycle working perfectly as low of the week was formed on 19th Feb Lets see how we trade Bank Nifty in coming week as we approach time cycle date of 25 Feb.

Bank Nifty Harmonic Pattern

Till we are holding 26450 target 27500/27900.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Bulls need to close above 26920 for a move back to 27000/27225/27350. Bears will get active below 26800 for a move back to 26666/26500/26250.

Gann Angles

Reacted from gann angle of resistance.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 25 Feb/01 Mar is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was positive week, with the Bank Nifty up by 73 points  closing @26867  .As discussed in last analysis For coming week Bulls need to close above 26920 for a move back to 27000/27225/27350. Bears will get active below 26700 for a move back to 26500/26250.

27000 done. For coming week we can see a good move as we approach important time cycle of 25 Feb.Bulls need to close above 26920 for a move back to 27000/27225/27350. Bears will get active below 26800 for a move back to 26666/26500/26250.

Bank Nifty Monthly

For Feb Month Bank Nifty Bulls need a close above 27000 for Bulls to continue the rally towards 28000. Any close below 27000 for a quick move towards 26750/26500/26250.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:26896

Bank Nifty  Resistance:27000,27188,27305

Bank Nifty Support:26784,26635,26500

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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