Bank Nifty Weekly Forecast for 05-08 March

By | March 4, 2019

Last Week we gave Chopad level of 26896 Bank Nifty gave Long/Short Entry Multiple time  we were able to do 2 target on upside and 1 on downside so Average week for Chopad Followers. Lets see how we trade Bank Nifty in coming week as we approach time cycle date of 09 March.

Importance of 09 March as per Gann 10 Year Cycle

Bank Nifty Harmonic Pattern

Till we are holding 26600 target 27500/27900.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Bulls need to close above 27100for a move back to 27225/27350/27500. Bears will get active below 26900 for a move back to 26784/26666/26500/26250.

Gann Angles

Reacted from gann angle of resistance.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 05/08 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 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.

Both Bullish and Bearish target done.For coming week Bulls need to close above 27100for a move back to 27225/27350/27500. Bears will get active below 26900 for a move back to 26784/26666/26500/26250.

Bank Nifty Monthly

For March Month Bank Nifty Bulls need a close above 27100 for Bulls to continue the rally towards 27850/ 28000. Any close below 26900 for a quick move towards 26750/26500/26250.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:27100

Bank Nifty  Resistance:27225,27360,27500

Bank Nifty Support:26920,26784,26635

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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2 thoughts on “Bank Nifty Weekly Forecast for 05-08 March

  1. Bramesh Post author

    Research by yourself or learn from someone who know and willing to teach..

  2. Yashwant Patil

    Hi Bramesh sir,
    I’m following you since long time. Please can advise where I can study planetary movements and gann reversal dates calculations?

    Awaiting your reply.

    Yashwant Patil

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