Bank Nifty Weekly Forecast as RBI Announces another Bazooka

Last Week we gave Chopad Level of 19650 Bank Nifty did all 3 target on Upside and 3 target on downside so EXCELLENT week for choapd followers. Coming week we have important astro date on 20 April.

Bank Nifty Harmonic

No Fresh Harmonic Pattern Observed.

Bank Nifty Gann Angles

Resistance at 20000-20324 range

Planetary Cycles and Bank Nifty Movements

Bulls will become active above 20750 for a move back to 20900,21400,21950,22250.Bears will get active below 20350 for a move towards 20100,19800,19500,19100.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 20/24 April  is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

Bulls will become active above 20750 for a move back to 20900,21400,21950,22250.Bears will get active below 20350 for a move towards 20100,19800,19500,19100.

 

Trading Monthly Charts

Nifty Bulls need to hold 19650-19600 for this a bounce towards 21000/21500.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:20750

Bank Nifty Support:20400,20100,19800,19554

Bank Nifty Resistance:20900,21400,21952,22250

 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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