Bank Nifty Weekly Forecast

By | July 14, 2019

Last Week we gave Chopad level of 31420 Bank Nifty Opened with Gap down  So no opportunity came to trade as per Chopad level. Let see how to trade on in coming week as we have important time cycle confluence  on 15 July.

Bank Nifty Harmonic Pattern

Till we are holding 30300 we can rally towards 31000/31666/32000.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Now coming week Bulls need to move above 30666 for a move back to 30870/31000/31333/31500 Bearish below 30500 for a move back to 30346/30150/29920/29800.

Gann Angles

Near Gann Angle Support of 30350. Close below 30350 we can see decline towards 29800/29500. Bulls have there chance only above 31000 now.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 15/19 July is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

Now coming week Bulls need to move above 30666 for a move back to 30870/31000/31333/31500 Bearish below 30500 for a move back to 30346/30150/29920/29800.

Bank Nifty Monthly

Below 30300 we can see a decline towards 30000/29500. Bullish above 31000 for July month.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:30610

Bank Nifty  Resistance: 30772,31026,31225

Bank Nifty Support:30400,30175,29920

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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