Bank Nifty Weekly Forecast for RBI Policy Week

Last Week we gave Chopad of 29430 Bank Nifty did all 3 target on upside as low made was 29470 and big rally next day. Coming week we have trading holiday on 02 Oct and 04 Oct being RBI Policy so good move can be expected in coming week.

Bank Nifty Harmonic Pattern

Holding 28500 we can see rally continue towards 31000

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Coming week Bulls need to move above 29900 for a move back to 30100/30333/30630. Bearish below 29700 for a move back to 29500/29286/29000.

Gann Angles

Bounced Gann Angle Support of 26500 ,heading towards 31000/32000.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 30 Sep/03 Oct is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

Coming week Bulls need to move above 29900 for a move back to 30100/30333/30630. Bearish below 29700 for a move back to 29500/29286/29000.

Bank Nifty Monthly

Bank Nifty Bulls need to close above 29900 for rally towards 31789

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:29900

Bank Nifty  Resistance: 30100,30333,30630

Bank Nifty Support:29711,29500,29286

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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