Bank Nifty Weekly Forecast for RBI Policy on 05 April

Last Week we gave Chopad Level 15710 Bank Nifty gave Long Entry  on Wednesday and did 1 target on upside , Lets analyze how to trade Bank Nifty in coming Week.

Bank Nifty Hourly

Bank Nifty Hourly


As discussed last week  Bank Nifty held on to channel and above 21/34 ema, continuing bullish trend, Now close above 16000 required for next move till16339/16500.

Bank Nifty moved above 16000 on Wednesday and did 16282, Now for coming week 16350 needs to be watched as its channel top, crossing the same we are heading towards 16500/16900, else we will go down till 16000.

Bank Nifty Harmonic


As per CRAB pattern of 16300/16350 is not crossed we can correct all the way till 16000/15550.

Gann Angles

Gann Angles

Till closing above  16000 we can move towards 16500/16900

Bank Nifty Supply and Demand


Close above 16188 is required for move towards 16800/17000.

Bank Nifty Gann Dates

Bank Nifty As per time analysis  05/07 April is Gann Turn date , except a impulsive around this dates.

Bank Nifty Weekly

Weekly AF

It was positive week, with the Bank Nifty up by 287 points  closing @16174 closed above its middle line of AF  for 3 week. This analysis still holds true Bank nifty needs to close above 16000 on weekly basis for next move till 16800. Else will see correction till 15500-15300.

Bank Nifty Monthly

Bank Nifty Monthly

Monthly chart will take support  of 61.8 %,and resistnace  50% as shown above.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:16200

Bank Nifty Resistance:16350,16500,16800

Bank Nifty Support:16000,15700,15530

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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