Bank Nifty Weekly Forecast

Last Week we gave Chopad level of 30300 Bank Nifty  gave Short on Monday did 3 target on downside as Solar Ingress showed its effect  so excellent week for Chopad Followers.Let see how to trade in coming week as we have Holiday shortened week.

Bank Nifty Harmonic Pattern

Till we are holding 29500 Upgraded target 30500/31000/31470

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Bulls need to move above 30068 for a move back to 30250/30390/30666/30810/31000. Bearish below 29900 for a move back to 29800/29640/29500/29300.

Gann Angles

Bounced from Gann Angle Support

Bank Nifty Gann Dates

Bank Nifty As per time analysis 02 May is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

Now coming week Bulls need to move above 30068 for a move back to 30250/30390/30666/30810/31000. Bearish below 29900 for a move back to 29800/29640/29500/29300.

Bank Nifty Monthly

Bulls now need to close above 30500  in April month momentum to be in there favor towards 31000/31500. Bears will get active below 29900 for a move back to 29640/29225

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:30068

Bank Nifty  Resistance:30250,30400,30666

Bank Nifty Support:29900,29721,29500

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.

Want to see post in your Inbox,Register by adding your email id in Post in your Inbox section

Follow on Facebook during Market Hours:  https://www.facebook.com/pages/Brameshs-Tech/140117182685863

Follow on Twitter during Market Hours:  https://twitter.com/brahmesh

Leave a Reply