Bank Nifty Weekly Forecast for May Expiry

By | May 26, 2019

Last Week we gave Chopad level of 29125 Bank Nifty opened with gap up and rallied towards 31700 as our Beloved PM Shri Narendra Bhai Modi came back to power with even a bigger mandate a proud moment for All Indians and Market saluted the victory by Hitting 31700  . Lets see how to trade in coming week as we look for Monthly closing and Monthly Expiry.

Bank Nifty Harmonic Pattern

Till we are holding 30265 Upgraded target 32000/32400/32753

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Bulls need to move above 31300 for a move back to 31500/31700/32000/32300/32700. Bearish below 31000 for a move back to 30810/30540/30265/30000.

Gann Angles

Break out of gann angle need a follow upmove on monthly close above 30300.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 27/30 May is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

Now coming week Bulls need to move above 31300 for a move back to 31500/31700/32000/32300/32700. Bearish below 31000 for a move back to 30810/30540/30265/30000.

Bank Nifty Monthly

Need a monthly close above 31000 for rally to continue towards 32700/22600

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:31300

Bank Nifty  Resistance: 31500,31725,31930,32256

Bank Nifty Support:31100,30810,30540,30265

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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