Bank Nifty Weekly Forecast for June Expiry

Last Week we gave Chopad level of 26450 Bank Nifty gave Short entry on Monday did 1 target  on downside, Longs were triggred on Wednesday and did 2 target on Upside  so GOOD week for chopad followers. High made for the week was 26683 just near to our Chopad level  target of 26673. Lets see how we trade Bank nifty in coming week, as we approach June month Expiry and effect of Gann Time Cycle date 22 June on Monday.

 

 

 

Bank Nifty Harmonic Pattern

Waiting for target of 27412.

Supply and Demand Analysis

 

Self Explanatory chart..

Planetary Cycles and Bank Nifty Movements

As discussed in last analysis Below 26200 can see fast fall towards 26000/25920. Bullish  above  26500 for a move towards 26666/26782/27000.

Low made was 26225 so bearish case on activated,  Bullish  above  26500 for a move towards 26666/26782. For coming week Bullish above 26810 for a move towards 26920/27063/27200/27350.Bearish below 26555 for a move back to 26400/26225/26150/26000.

Gann Angles

Waiting for 27200 till we are holding 27450.

 

Bank Nifty Gann Dates

Bank Nifty As per time analysis 25/29 June  is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was positive week, with the Bank Nifty up by 349 points  closing @26766 .As discussed in last analysis Bulls need to close above 26510 for the move to continue towards 26666/26765/26920. Bearish below 26350 for a move back to 26200/26070/25920.

Low made 26225 and once 26510 take out move continued towards 26666/2676. Coming Week Bullish above 26810 for a move towards 26920/27063/27200/27350. Bearish below 26555 for a move back to 26400/26225/26150/26000.

Bank Nifty Monthly

Bulls need to close above 26920 for momentum to continue in their favor for June series, else bears will push index back to 26000

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:26810

Bank Nifty Resistance :26970,27216,27320

Bank Nifty Support :26600,26450,26210

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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2 thoughts on “Bank Nifty Weekly Forecast for June Expiry”

  1. In WEEKELY FORECAST below Gann Angle heading (Waiting for 27200 till we are holding 27450.). Been mentioned is that right. we are holding 27450 or 26450 please advise

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