Bank Nifty Weekly Forecast for Feb Expiry

By | February 18, 2018 6:46 pm

Last Week we gave Chopad Level 25570 Bank Nifty gave multiple entry  for both long and short  as per Chopad Level in last week and did all 1 target on both upside and  downside, So Average week for Chopad followers. Lets see how we trade nifty in coming week as we have confluence of time cycle on 19 and 22 Feb in Expiry Week.


Bank Nifty Harmonic Pattern

Till we are holding Guj Election low of 24617 we can see the rally back towards 28000.

Supply and Demand Analysis


Self Explanatory chart..

Gann Angles

Strong support near 25000 break of same we can see fast fall towards 24500.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 19/22 Feb is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was negative week, with the Bank Nifty down by 300 points  closing @25164. As discussed in Last analysis   Bank Nifty bulls need close above 25700 for a move 25920/26150. Big bullish move can be seen above 26150 for a move towards 26500. Bearish below 25250 for a move towards 24900/24510.

Bulls were not able to close above 25700 and bear did close below 25250 but were not able to do downside target. For coming week we have confluence of time cycle on 19/22 Feb so bulls need to trade above 25250 for a move back towards 25555/25800. Bearish below 25100 for a move towards 24900/24750.

Bank Nifty Monthly


Monthly bulls need a close above 26000 for the bull rally to continue.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:25100

Bank Nifty Resistance :25250,25510,25700

Bank Nifty Support :24910,24750,24500

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: 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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