Bank Nifty Weekly Forecast for 13-17 Nov

By | November 12, 2017 1:44 pm

Last Week we gave Chopad Level 25700  Bank Nifty gave Short Entry as per Chopad Level Monday as High was 25695 and did 3 target on downside, so good week for Chopad followers. Lets see How to trade Bank Nifty in week.



Bank Nifty Harmonic Pattern


Waiting for ABCD pattern target of 25963 holding 25350.


Supply and Demand Analysis


Self Explanatory chart..

Gann Angles

As discussed in Last analysis  Now close above 25700 can trigger fast rise towards 26200/26500. Bearish below 25200 for a move towards 24800/24476.

25695 high so bulls were not able to break the gann angle and saw pullback towards 25120, For coming week bulls should hold 25350 for another attempt to break the higher end of gann angle above 25700.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 14/15 Nov is Turn date , except a impulsive around this dates.

Bank Nifty Weekly

It was negative week, with the Bank Nifty down by 151 points  closing @25398 ,As discussed in Last analysis Next week 07 Nov is important time cycle date. As we near important gann angle resistance ,Now close above 25700 can trigger fast rise towards 26200/26500. Bearish below 25200 for a move towards 24800/24476.

25695 was high made and we saw decent fall till 25120 but failed to do downside target of 24800.  Next week Bulls need to hold 25350 for uptrend to continue else bears can become active below 25200 and see fast fall towards 25000/24800.

Bank Nifty Monthly

Bank Nifty Bulls now need to close above 25200 for a move towards 26000.  Bearish below 24800 for a move towards 24476/24000.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:25550

Bank Nifty Resistance:25700,25850,26001

Bank Nifty Support:25400,25350,25100

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 Weekly 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.

5 thoughts on “Bank Nifty Weekly Forecast for 13-17 Nov

  1. nagarajan1660


    Today, the premium for Bank nifty got increased ( about 100 points difference ) and as a result, when I shorted below chopad @ 25530 spot and 25562 around 9.20 a.m. future with 21 points SL, the SL got hit twice @ 25585. After stopping the trade it went down and met two targets of 25400 and 25350. Of course, the gains were not big. Can you please guide us how to trade on such occassions ? Thanks


  2. Suraj Naik

    Hello Bramesh Sir,

    Nice analysis…Can you tell us how you calculate turn date?

    Last week also you are Bingo on turn date 7-8 NOV. cudos!!! sir



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