Technical View: Bank Nifty Weekly Forecast

Last Week we gave Chopad Level of 21320 Bank Nifty did all 4 target on Upside Not a single day closed below 21320 so Excellent Week for Chopad Followers. Coming Week 06 July is very important Astro Date.

Bank Nifty Harmonic

No Valid Harmonic Pattern Seen.

Bank Nifty Gann Angles

Closed above Gann Angle resistance.21741-21685 will act as support for coming week.

Planetary Cycles and Bank Nifty Movements

Bulls will become active above 21904 for a move back to 22110,22340,22570,22801.Bears will get active below 21750 for a move towards 21400,21170,20940,20720.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis 06/10 July is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Bulls will become active above 21904 for a move back to 22110,22340,22570,22801.Bears will get active below 21750 for a move towards 21400,21170,20940,20720.

 Bank Nifty Monthly Charts

Bank Nifty Bull Break of 21910 can see fall towards 22200/22403/23000. Bears below 21800 can move back to 21300/20763.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:21904

Bank Nifty Resistance:22110,22340,22570,22801

Bank Nifty  Support:21650,21400,21170,20940,20720

 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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