Bank Nifty does 18000,Weekly Forecast

By | June 12, 2016 11:11 pm

Last Week we gave Chopad Level 17670 Bank Nifty closed on Monday just 1 point above Chopad levels and did 2 target by Tuesday, Rewarding Disciplined Chopad Followers. High made for the week 18051 was the third target of Chopad Level.  Lets analyses how to trade Bank nifty in coming week.

Bank Nifty Hourly

Bank Nifty Hourly


Coming week, support at 17800 resistance at 18000, Holding 17800 we can see bounceback as seen before.

Bank Nifty Harmonic

Bank Nifty Harmonic

Coming Week breaking 17800 we will see 17500/17250.

Gann Angles

Gann Angles

18051 was gann resistance level and bank nifty reacted for that

Bank Nifty Supply and Demand


Bulls need to close was 18051 for next move towards 18768.

Bank Nifty Gann Dates

Bank Nifty As per time analysis  14 June  is Gann Turn date , except a impulsive around this dates.

Bank Nifty Weekly

Weekly AF

It was positive week, with the Bank Nifty up by 147 points  closing @17828 closed above the upper end of the AF line, and doing target of 18000 as we have been discussing in our last 2 analysis.

Bank Nifty Monthly

Bank Nifty Monthly

Monthly chart on verge of breaking 38.2 % fibo ratio.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:17850

Bank Nifty Resistance:17900,18051,18250

Bank Nifty Support:17650,17500,17250

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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Category: Bank Nifty Technical Analysis

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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