Bank Nifty Weekly Forecast for July Monthly Closing

Last Week we gave Chopad level of 26930 Bank Nifty gave Long entry on Monday did 3 target  on Upside so Excellent week for chopad followers. Low for the week was made on 23 July our time cycle date. Lets see how we trade nifty in coming week as we approach monthly closing.

 

Bank Nifty Harmonic Pattern

As discussed in last analysis  As we again held 26774 on Weekly basis so We can move for target of 27412.

27412 done now waiting for extended target of 27748.

Supply and Demand Analysis

 

Self Explanatory chart..

Planetary Cycles and Bank Nifty Movements

As discussed in last analysis Below 26784 we did 26644 tight range week we should see good move in coming week. Bullish above 26930 for a move back to 27064/27150/27225/27360. Bearish below 26784 for a move towards 26640/26496/26200/26064.

All Bullish target done now bulls need to close above 27661 for a move towards 27800/27920/28070. Bearish below 27460 for a move back to 27350/27000.

Gann Angles

As discussed in last analysis Bulls need close above 27000 for a move towards 27500.

27500 done now we are closing till above 27500 we can rally towards 28000/28300.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 30 July/01 Aug is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was positive week, with the Bank Nifty up by 761  points  closing @27634 .As discussed in last analysis Bullish above 26930 for a move back to 27064/27150/27225/27360. Bearish below 26784 for a move towards 26640/26496/26200/26064. 23 is an important time cycle date.

All Bullish target done now bulls need to close above 27661 for a move towards 27800/27920/28070. Bearish below 27460 for a move back to 27350/27000.

Bank Nifty Monthly

As discussed in last analysis Bulls need to close above 26500 for momentum to continue in their favor for July series, else bears will push index back to 26000. Till we are holding 26500 bulls have upperhand, we are up 1000 points from that level.

 

 

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:27666

Bank Nifty Resistance :27800,27973,28150

Bank Nifty Support :27500,27350,27100

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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1 thought on “Bank Nifty Weekly Forecast for July Monthly Closing”

  1. very glad to know this analysis , which educates even a new trader like me. thanks a lot , and may request to provide/ guide any more advanced courses pls

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