Technical View: Bank Nifty Weekly Forecast

  


Last Week we gave Chopad Level of 19321 Bank Nifty opened with huge gap up, and unable to initiate the trade.

Bank Nifty Harmonic

Bank Nifty can rally towards 23K above 21600.

Bank Nifty Gann Angles

Resistance at Gann Angles break of 20000 can see fall back to 19000.

Planetary Cycles and Bank Nifty Movements

Bulls will become active above 21320 for a move back to 21610,21900,22201,22500.Bears will get active below 21000 for a move towards 20736,20449,20170.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis 08/10 June  is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Bulls will become active above 21320 for a move back to 21610,21900,22201,22500.Bears will get active below 21000 for a move towards 20736,20449,20170.

 Bank Nifty Monthly Charts

Bank Nifty Bull Break of 21300 can see fall towards 22000/22403/1800023000. Bears below 20800 can move back to 20500/20165/19800.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:21320

Bank Nifty Resistance:21610,21900,22201,22500

Bank Nifty  Support:21025,20736,20449,20170

 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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