Bank Nifty Weekly Forecast for RBI Policy Week

By | June 4, 2018 12:40 am

Last Week we gave Chopad level of 26325 Bank Nifty gave Multiple Long and Single short entry did 2 target on downside and all 3 target on upside so excellent week for chopad followers. Lets see how we trade nifty in coming week,as we have RBI Policy




Bank Nifty Harmonic Pattern

Waiting for target of 27412.

Supply and Demand Analysis


Self Explanatory chart..

Planetary Cycles and Bank Nifty Movements

26666 is planetary line support,Holding the same rally to higher end towards 26920/27250.

Gann Angles


As discussed in last analysis Now once above gann resistance level of 26350 can see fast rally towards 26666/26800.

All Target done,Above 26784 will play crucial role, above it bulls can hit 27250

Bank Nifty Gann Dates

Bank Nifty As per time analysis 05/08 June  is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was positive week, with the Bank Nifty up by 397 points  closing @26273 .As discussed in last analysis Now bulls need a close above 26325 for a rally towards 26500/26666/26850. Bearish below 26200 for a move back to 26064/25920

All Target done, Coming Week 26784 will play crucial role, above it bulls can hit 27250. Bearish below 26666 for  a move back to 26496/26250.

Bank Nifty Monthly

Bulls need to close above 26920 for momentum to continue in their favor for June series, else bears will push index back to 26000

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:26666

Bank Nifty Resistance :26784,26920,27150

Bank Nifty Support :26496,26250,26060

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.

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