Bank Nifty Weekly Forecast for 21-24 Sep

Last week we gave the Chopad level of 16670 Bank  Nifty gave Buy opputunity @16670 for Chopad Followers and did all 3 targets by Friday thus rewarding Chopad Followers by 540 points. We also have trading Holiday on 25 Sep.  Lets analyze how to trade market in coming week.

Bank Nifty Hourly

Bank Nifty Hourly

 Bank Nifty hourly chart did the target as expected last week analysis

Bank Nifty Pyrapoint Indicator

BANKNIFTY - Pyrapoint

Resistance@ 180 degree line and Support @225 ,gap above 225 will come to fill it.

Gann Box Analysis

Gann Box

Bank Nifty needs to wait for 2×1 gann line breaking the same not good sign for bulls.

Bank Nifty Supply and Demand


 Bank Nifty last Friday reacted from 17569 made high of 17602 saw correction, now 17060 is important level to watch breaking the same bank nifty will move towards 16800/16500/16300 in short term.

Bank Nifty Gann Dates

Bank Nifty As per time analysis  21 September/24 Sep is Gann Turn date , except a impulsive around this dates. Last week we gave  15 September/18 Sep Bank Nifty saw a volatile move .

Fibonacci technique

Fibonacci Retracement

Bank NIfty FR

Fibo Fans

Bank NIfty FF

Unable to cross 61.8 % fibo fans not a good sign for bulls

Bank Nifty Weekly

Weekly AF

It was positive week, with the Bank Nifty up by 796 points  closing @17409.As discussed last week  now crossing 16800 bank nifty is heading towards 17000/17211. For coming week as AF median line is getting resisted unable to cross the same bank nifty will head towards 16800/16500 in short term.

BN Weekly Time Analysis

Bank Nifty Monthly

Bank Nifty Monthly

Monthly chart get resisted @ 61.8 @ around 17600

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:17170

Bank Nifty Resistance:17350,17600,17802

Bank Nifty Support:17000,16790,16530



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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