Bank Nifty Weekly Forecast

By | July 21, 2019

Last Week we gave Chopad level of 30610Bank Nifty did 2 target on upside and 3 target on downside so excellent week for chopad followers. Let see how to trade on in coming week as we have important time cycle confluence  on 23 July.

Bank Nifty Harmonic Pattern

No Valid Harmonic Pattern observed.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Now coming week Bulls need to move above 29900 for a move back to 30100/30300/30500 Bearish below 29700 for a move back to 29500/29250/29095.

Gann Angles

Near Gann Angle Support of 29500,holding it can see move back to 29710/29900.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 23/26 July is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

Now coming week Bulls need to move above 29900 for a move back to 30100/30300/30500 Bearish below 29700 for a move back to 29500/29250/29095.

Bank Nifty Monthly

As discussed in last analysis Below 30300 we can see a decline towards 30000/29500. Bullish above 31000 for July month. 29700 done,now waiting for 29384/29100. Bullish above 29920 for a move back to 30100/30300.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:29710

Bank Nifty  Resistance: 29920,30100,30300

Bank Nifty Support:29470,29200,29000

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

  1. Bramesh Post author

    Thanks !! I wish you the best !!

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