Bank Nifty Weekly Forecast for 6-10 May

By | May 5, 2019

Last Week we gave Chopad level of 30068 Bank Nifty  gave Short on Friday and got whipsawed  so bad week for Chopad Followers.Let see how to trade in coming week as we approach important time cycle date of 09 May.

Bank Nifty Harmonic Pattern

Till we are holding 29500 Upgraded target 30500/31000/31470

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Now coming week Bulls need to move above 30000 for a move back to 30125/30250/30390/30666/30810/31000. Bearish below 29900 for a move back to 29800/29640/29500/29300

Gann Angles

Bounced from Gann Angle Support

Bank Nifty Gann Dates

Bank Nifty As per time analysis 06/09 May is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

Now coming week Bulls need to move above 30000 for a move back to 30125/30250/30390/30666/30810/31000. Bearish below 29900 for a move back to 29800/29640/29500/29300.

Bank Nifty Monthly

Bulls now need to close above 29930 in May month momentum to be in there favor towards 31000/31500. Bears will get active below 29600 for a move back to 29640/29225

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:30000

Bank Nifty  Resistance:30125,30276,30447

Bank Nifty Support:29875,29666,29500

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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