Bank Nifty heading towards 18000, Weekly Forecast

Last Week we gave Chopad Level 16650 Bank Nifty gave Short  entry on Monday High made 16604 and did 1 target on downside  and opened big gap up on Wednesday low made was 16599 just near our chopad levels and just zoomed up 700 points in 3 trading session  Lets analyses how to trade Bank nifty in coming week.

Bank Nifty Hourly

Bank Nifty Hourly


Coming week, support at 17000 resistance at 18000 as per pyrapoint.

Bank Nifty Harmonic

Daily Harmonic

Coming Week  break of 17000-17100 we will see 17663/18000

Gann Angles

Gann Angles

Once time correction over bank nifty reacted furiously as per gann analysis

Bank Nifty Supply and Demand


Holding 17116 during correction target 18000.

Bank Nifty Gann Dates

Bank Nifty As per time analysis  30 May  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 1030 points  closing @17511 closed above the upper end of the AF line, As discussed last week  Now for coming week close below 16431 can see bank nifty move towards 16188/16000. Close above 16500 can move towards 16792/17000.

17000 done, For short term traders holding 17000 during corretion bank nifty will scale towards 18000 in next 2-3 weeks.

Bank Nifty Monthly

Bank Nifty Monthly

Monthly chart broke out  above 50% fibo ratio.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:17591

Bank Nifty Resistance:17760,17910,18050

Bank Nifty Support:17400,17150,17000

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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