Bank Nifty Weekly Forecast for 11-13 April

By | April 10, 2016 3:56 pm

Last Week we gave Chopad Level 16200 Bank Nifty gave Short Entry  on Monday as close below chopad level of 16200 and did all 3 target on downside by Thuesday, Lets analyze how to trade Bank Nifty in coming Week as we have only 3 trading days as 14 and 15 are trading Holidays.

Bank Nifty Hourly

Bank Nifty Hourly


As discussed last week   Now for coming week 16350 needs to be watched as its channel top, crossing the same we are heading towards 16500/16900, else we will go down till 16000.

Turned from channel resistance and did 16000. Now for coming week break of 15450 will see bank nifty going to 15250/15000 levels. Holding 15450 can lead to fast move tilll 15700/16000

Bank Nifty Harmonic

Bank Nifty

As discussed last week As per CRAB pattern of 16300/16350 is not crossed we can correct all the way till 16000/15550.

Low made was exactly 15457 as discussed last week.

15450 will play a crucial role in coming week, break of same we can see 15300-15266 as per CYPHER pattern.

Gann Angles

gann angles breakdown

As per gann angle need to close above 15800 for move towards 16200/16500. Unable to cross that can see 15300/15000 levels.

Bank Nifty Supply and Demand


Closed below 16188 last week and saw the big decline.

Bank Nifty Gann Dates

Bank Nifty As per time analysis  11 April is Gann Turn date , except a impulsive around this dates.

Bank Nifty Weekly

Weekly AF

It was negative week, with the Bank Nifty down by 606 points  closing @15568 closed above its middle line of AF  for 3 week. As we have been discussing This analysis still holds true Bank nifty needs to close above 16000 on weekly basis for next move till 16800. Else will see correction till 15500-15300.

15500 done. Now For coming week traders needs to watch 15450 levels as per GANN Methodology,Holding above it bank nifty can move towards 15768/16000.

Below 15450 we can visit 15300/15000.

Bank Nifty Monthly

Bank Nifty Monthly

Monthly chart will take support  of 61.8 %,and resistance  50% as shown above.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:15600

Bank Nifty Resistance:15760,15900,16080

Bank Nifty Support:15450,15250,15000

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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