Bank Nifty Weekly Forecast before RBI Policy

Last Week we gave Chopad Level 17591 Bank Nifty  had a very choppy week and whipsawed Chopad followers after long time, Always remember the golden rule  IF SL gets triggered 2 times in a day No further trade. Capital Preservation is most important for trader.  Bank Nifty made high of 17762 and Low of 17350 which was our 1 target of Buy and Sell.  Lets analyses how to trade Bank nifty in coming week as we have RBI Policy and gann crucial turn date also coming up.

Bank Nifty Hourly

Bank Nifty Hourly


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

Bank Nifty Harmonic

Bank Nifty Harmonic

Coming Week Holding 17400-17450 we will see 18000/18200

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  08 June  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 169 points  closing @17680 closed above the upper end of the AF line, For short term traders holding 17000 during correction bank nifty will scale towards 18000 in next 2-3 weeks.

Bank Nifty Monthly

Bank Nifty Monthly

Monthly chart on verge of breaking 38.2 % fibo ratio.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:17670

Bank Nifty Resistance:17760,17910,18050

Bank Nifty Support:17450,17200,17000

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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