Bank Nifty Weekly Forecast

Last week we gave the Chopad level of 17220 Bank  Nifty opened with Huge gap down and did not give any opputunity for Chopad Followers to take entry. Lets analyze how to trade market in coming week.

Bank Nifty Hourly

Bank Nifty Hourly

Bank Nifty as per Gann Wedge and Arc 16450 should be broken for further upmove and end of bearish trend and break of 15900 can push towards 15750/15389 odd levels.

Bank Nifty Pyrapoint Indicator

BANKNIFTY - Pyrapoint

Resistance@ 270 degree line and Support @315

Channel Analysis


Bank NIfty is heading towards channel bottom around 15750 odd levels where relief rally can occur.

Bank Nifty Supply and Demand


 Bank Nifty if 15750 broken can see move till 15389 which is next support zone.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 08/10 September   is Gann Turn date , except a impulsive around this dates. Last week we gave  31 August/04 September Bank Nifty saw a volatile move .

Bank Nifty Weekly

Weekly AF

It was negative week, with the Bank Nifty down  by 1042 points  closing @16130  forming bearish engulfing candlestick pattern .  Strong Support at 15750 which if broken can see bank nifty correcting till 15150 odd levels and if held can see move till 16500/16750.

BN Weekly Time Analysis

Bank Nifty Monthly

Bank Nifty Monthly

Monthly chart has broken 50% Fibo retracement and heading towards 38.2 @ around 15750/15600.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:16000

Bank Nifty Resistance:16250,16470,16670

Bank Nifty Support:15900,15750,15590



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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