Bank Nifty Weekly forecast

By | June 8, 2014 10:09 pm

Last Week we gave Bank Nifty Chopad level of 15306 and Bank Nifty did all 3 target on upside rewarding traders with 696 points, We have IIP and Inflation data so  Bank Nifty will likely to another volatile week ahead, lets analyze how to trade bank nifty now.

Bank Nifty Hourly

Bank Nifty Hourly

Bank Nifty hourly charts is forming a rising wedge pattern which is active on close below 15330. Breakout above 15566 for a target of 15750.


Bank Nifty Daily

Bank Nifty Daily

Bank Nifty daily as per Gann Box is taking resistance at the yeallow line,breaking the same target is life high @15750, Alos EW is giving target of 16K on Bank Nifty.

BN Daily EW

Fibonacci technique

Fibonacci fan

Bank NIfty FF

Bank Nifty Fibonacci fan with gann circle shows we are at critical juncture, and holding 15400-15450 range we can see life high @15750.Any break below 15300 will see a quick fall till 15000.


Bank Nifty Weekly


Bank Nifty Weekly chart as per Andrew Pitchfork has crossed the median line is facing resistance at its upper end line of Andrew Pitchfork, I have drawn the extended AF line which gives target of 18000 in medium term using the bell curve.


BN Weekly Time Analysis

Bank Nifty Monthly

Bank Nifty Monthly

Bank Nifty as per monthly chart gives target of 16700-17000


 Bank Nifty Trading Levels

Bank Nifty Trend Deciding Level:15566

Bank Nifty Resistance:15696,15826,15956

Bank Nifty Support:15436,15306 and 15046

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

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Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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