Nifty Weekly Forecast For RBI Policy Week

By | August 4, 2019

Last Week we gave Chopad level of 29383 Bank Nifty did all 3 target on downside so excellent week for chopad followers.Let see how to trade on in coming week as we have RBI policy.

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 28224 for a move back to 28561/28900/29241 Bearish below 28057 for a move back to 27889/27556/27225

Gann Angles

Near Gann Angle Support of 28100 ,holding it can see move back to 28500/28900.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 05 Aug  is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

Now coming week Bulls need to move above 28224 for a move back to 28561/28900/29241 Bearish below 28057 for a move back to 27889/27556/27225

Bank Nifty Monthly

We have monthly close in coming week Bulls will get upperhand towards 28320.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:28225

Bank Nifty  Resistance: 28500,28731,28920

Bank Nifty Support:28057,27889,27600

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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