Bank Nifty Forms Weekly Doji,Weekly Forecast

By | June 26, 2016 10:01 pm

Last Week we gave Chopad Level 17306 Bank Nifty did not give any entry the whole week. Lets analyze for coming week.

Bank Nifty Hourly

Bank Nifty Hourly


Coming week, 17455 needs to be watched  closing above it 17557/17670 can be seen quickly.  Channel top us around 17750. On Downside break of 17200 can see move towards 16950/16800.

Bank Nifty Harmonic

Daily Harmonic

Unable to close above 18000, Downside can be seen till 16084.

Gann Angles

Gann Angles

17074 is gann support level, above that market can move back towards 18000,below that 16500/16084..

Bank Nifty Supply and Demand


Bulls need to hold 17029 for next move towards 18000, below below 16800 can do 16550/16200.

Bank Nifty Gann Dates

Bank Nifty As per time analysis  29  June  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 270  points  closing @17426 closed above the upper end of the AF line, Now weekly support in range of 17074-17100 holding the low in panic can see market moving back to 18000.

Bank Nifty Monthly

Bank Nifty Monthly

Monthly chart resistance 38.2 % fibo ratio.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:17420

Bank Nifty Resistance:17666,17815,18051

Bank Nifty Support:17300,17100,16900

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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