Govt to announce economic package Bank Nifty Weekly Forecast

Last Week we gave Chopad Level of 20444 Bank 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 11/13 May.

Bank Nifty Harmonic

Harmonic Pattern target done at 20150/19653 and no new pattern observed.

Bank Nifty Gann Angles

Heading towards the support zone of 18800-19000.

Planetary Cycles and Bank Nifty Movements

Bulls will become active above 19500 for a move back to 19735,20000,20275,20500.Bears will get active below 19300 for a move towards 19044,18769,18500,18225,18000.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 11/13 May  is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

Bulls will become active above 19500 for a move back to 19735,20000,20275,20500.Bears will get active below 19300 for a move towards 19044,18769,18500,18225,18000.

 

Trading Monthly Charts

Nifty Bulls need to move above 19610 for a bounce towards 20225, Break of 19000 can see fall towards 18000.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:19500

Bank Nifty Resistance:19735,20000,20275,20500

Bank Nifty  Support:19300,19044,18769,18500

 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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