Technical View: Bank Nifty Weekly Forecast

Last Week we gave Chopad Level of 21320 Bank Nifty did all 3 target on downside,Excellent Week for Chopad Followers. Coming Week 18 June is very important Astro Date.

Bank Nifty Harmonic

No Valid Harmonic Pattern Observed.

Bank Nifty Gann Angles

Reacted From Gann Angle resistance.21150-21200 will act as resistance for coming week.

Planetary Cycles and Bank Nifty Movements

Bulls will become active above 20450 for a move back to 20654,20900,21160,21400.Bears will get active below 20225 for a move towards 20000,19700,19500.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis 15/18 June  is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Bulls will become active above 20450 for a move back to 20654,20900,21160,21400.Bears will get active below 20225 for a move towards 20000,19700,19500.

 Bank Nifty Monthly Charts

Bank Nifty Bull Break of 21300 can see fall towards 22000/22403/1800023000. Bears below 20600 can move back to 20300/20165/19800.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:20449

Bank Nifty Resistance:20654,20900,21160,21400

Bank Nifty  Support:20225,20000,19700,19500

 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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