Bank Nifty Weekly Forecast for 07-11 Oct

Last Week we gave Chopad of 29900 Bank Nifty did all 3 target on downside so awesome week for chopad followers. Coming week we have trading holiday on 08 Oct and important astro date on 10 Oct.

Bank Nifty Harmonic Pattern

Unable to close above 28100 can see decline towards recent lows.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Coming week Bulls need to move above 27900 for a move back to 28100/28300/28500. Bearish below 27600 for a move back to 27300/27100/26000.

Gann Angles

Support in range of 26500-26800.

Bank Nifty Gann Dates

Bank Nifty As per time analysis07/10 Oct is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

Coming week Bulls need to move above 27900 for a move back to 28100/28300/28500. Bearish below 27600 for a move back to 27300/27100/26000.

Bank Nifty Monthly

Bank Nifty Bulls need to close above 28100 for rally towards 28800/29300

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:27900

Bank Nifty  Resistance: 28100,28350,28500

Bank Nifty Support:27666,27500 ,27200

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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