Bank Nifty Weekly Forecast for May Expiry

Last Week we gave Chopad Level of 18769 Nifty opened with a gap down and did all 4 target on downside so EXCELLENT week for chopad followers. Coming week we have 2 important astro date on 26/28 May.

Bank Nifty Harmonic

No new pattern observed.

Bank Nifty Gann Angles

Bank Nifty near support zone of 17100-17150.

Planetary Cycles and Bank Nifty Movements

Bulls will become active above 17424 for a move back to 17726,17950,18225,18500.Bears will get active below 17225 for a move towards 17000,16800,16641.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis 26/28 May  is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Bulls will become active above 17424 for a move back to 17726,17950,18225,18500.Bears will get active below 17225 for a move towards 17000,16800,16641.

 

Bank Nifty Monthly Charts

Bank Nifty bear Break of 17100 can see fall towards 16800/16500/16000.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:17424

Bank Nifty Resistance:17726,17950,18225,18500

Bank Nifty  Support:17225,17000,16800,16641

 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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