Bank Nifty Weekly Forecast,Big Move round the corner

By | September 8, 2019

Last Week we gave Chopad of 27370 Bank Nifty opened with gap down and did not touch our level so no trade taken, As per time cycle we should be very good move in market in next 2 week.

Bank Nifty Harmonic Pattern

Last week pattern did target on upside, No new pattern observed this week.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Now coming week Bulls need to move above 27300 for a move back to 27570/27800/28100/28300/28500. Bearish below 27100 for a move back to 26900/26666/26450.

Gann Angles

Near Gann Angle Support of 26500 ,holding it can see move back to 27900/28500

Bank Nifty Gann Dates

Bank Nifty As per time analysis 09/12 Sep is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

Now coming week Bulls need to move above 27300 for a move back to 27570/27800/28100/28300/28500. Bearish below 27100 for a move back to 26900/26666/26450.

Bank Nifty Monthly

Bank Nifty Bulls need to close above 27300 for trend to reverse and rally towards 27600/27900/28500

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:27300

Bank Nifty  Resistance: 27540,27870,28100

Bank Nifty Support:27100,26820,26666

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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