Bank Nifty Weekly Forecast

Last Week we gave Chopad level of 31260 Bank Nifty made low of 31284  on Monday and gave us long entry and did 2 target on Upside, Short came on RBI day and did 2 target on downside awesome week for chopad followers. Lets see how to trade in coming week as we  Important astro date coming on 10 June.

Bank Nifty Harmonic Pattern

Till we are holding 30561 Upgraded target 32000/32400/32753

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Bulls need to move above 31100 for a move back to 31250/31500/31784/32000 Bearish below 30800 for a move back to 30666/30500/30265/30000.

Gann Angles

Bulls need to hold 31000 for June month for the rally to continue towards 32700. Bears will get active below 30560 only

Bank Nifty Gann Dates

Bank Nifty As per time analysis 10/12 June is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

Now coming week Bulls need to move above 31100 for a move back to 31250/31500/31784/32000 Bearish below 30800 for a move back to 30666/30500/30265/30000

Bank Nifty Monthly

For June month 30561 should be watched in any decline will act as support zone.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:31100

Bank Nifty  Resistance: 31260,31500,31784,31930

Bank Nifty Support:30940,30810,30666,30500

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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