Technical View: Bank Nifty Weekly Forecast

Last Week we gave Chopad Level of 17424 Bank Nifty did all 3 target on Upside so EXCELLENT week for chopad followers. Coming week we have 2 important astro date on 03/05 June.

Bank Nifty Harmonic

Bank Nifty can rally towards 23K till its holding 18000.

Bank Nifty Gann Angles

Bounced from gann angle support heading for 21000.

Planetary Cycles and Bank Nifty Movements

Bulls will become active above 19321 for a move back to 19600,19881,20164,20449.Bears will get active below 18990 for a move towards 18688,18400,18000.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis 03/05 June  is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Bulls will become active above 19321 for a move back to 19600,19881,20164,20449.Bears will get active below 18990 for a move towards 18688,18400,18000.

 Bank Nifty Monthly Charts

Bank Nifty bear Break of 18990 can see fall towards 118769/18500/18000. Bulls above 19321 can move back to 19600/19884/20164/20500

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:19321

Bank Nifty Resistance:19600,19881,20164,20449

Bank Nifty  Support:19044,18769,18400,18000

 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.

Want to see post in your Inbox,Register by adding your email id in Post in your Inbox section

Follow on Facebook during Market Hours:  https://www.facebook.com/pages/Brameshs-Tech/140117182685863

Follow on Twitter  during Market Hours:  https://twitter.com/brahmesh

Leave a Reply