Bank Nifty Weekly Forecast for Post Budget Week

By | July 7, 2019

Last Week we gave Chopad level of 31200 Bank Nifty gave Short and Hit SL Long on 02 July did all 2 target on Upside so Average week for chopad followers. Lets see how to trade Bank Nifty in coming week as we approach importnat astro date on 08/ 11 July.

Bank Nifty Harmonic Pattern

Till we are holding 31000 we can rally towards 31666/32000.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Now coming week Bulls need to move above 31500 for a move back to 31784/32000 Bearish below 31400 for a move back to 31200/31000/30784

Gann Angles

Bulls need to hold 31000 for June month for the rally to continue towards 32700. Bears will get active below 30800 for a move back to 30500/30250/30000/29580

Bank Nifty Gann Dates

Bank Nifty As per time analysis 08/11 July is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

Now coming week Bulls need to move above 31500 for a move back to 31784/32000 Bearish below 31400 for a move back to 31200/31000/30784

Bank Nifty Monthly

For July month 31026 should be watched in any decline will act as support zone.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:31420

Bank Nifty  Resistance: 31610,31784,31989

Bank Nifty Support:31250,31075,30858

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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