Bank Nifty Weekly Forecast for 18-22 May

Last Week we gave Chopad Level of 19500 Nifty opened with a gap down and did all 3 target on downside so EXCELLENT week for chopad followers. Coming week we have 2 important astro date on 18/20 May.

Bank Nifty Harmonic

No new pattern observed.

Bank Nifty Gann Angles

Bank Nifty near support zone of 18500-18600.

Planetary Cycles and Bank Nifty Movements

Bulls will become active above 18800 for a move back to 19000,19200,19500,19875.Bears will get active below 18450 for a move towards 18225,18000,17769,17424.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis 18/20 May  is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Bulls will become active above 18800 for a move back to 19000,19200,19500,19875.Bears will get active below 18450 for a move towards 18225,18000,17769,17424.

 

Bank Nifty Monthly Charts

Bank Nifty Bulls need to move hold 18462-18500 range  for a bounce towards 19000/19444, Break of 18450 can see fall towards 18000/17500.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:18769

Bank Nifty Resistance:18950,19200,19500,19881

Bank Nifty  Support:18496,18225,18050,17800

 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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