Bank Nifty Weekly Forecast for Aug Expiry

By | August 26, 2018 3:41 pm

Last Week we gave Chopad level of 28225 Bank Nifty gave long entry on upside on Monday got stopout and Short on Wedneday rewarded traders handosoemly and did not do even the 1 target as high made was  28178 so bad week for chopad followers. Lets see how we trade bank  nifty in coming week. Thanks for donating generously for Kerala Relief Funds. I am very much humbled by the response , Lets keep them in our prayers to help them get over this tough times.


Bank Nifty Harmonic Pattern

ABCD Pattern can resume the last leg rally once we close abvoe 28000 for the completion of pattern till 28430.

Supply and Demand Analysis


Self Explanatory chart..

Planetary Cycles and Bank Nifty Movements

Bulls need a close above 27940  for a move back to 28068/ 28225/28400. Bearish below 27784 for a move back to 27656/27450/27225.

Gann Angles

As discussed in last analysis Waiting for close above 28225 for a move back to 28368/28496.

Bulls got whipsawed now need to a close above 27920 for the up move to resume.Fresh shorts below 27739 only for a fast move towards 27656/27400.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 29 Aug is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was negative week, with the Bank Nifty down by 293 points  closing @27834 .As discussed in last analysis  Now Bulls need a close above 28225 for rally towards 28430 target of ABCD Pattern.. Bearish below 28064 for a move back to 27900/27739.

Bulls got whipsawed and bears were able to do target. Now bulls need a close above 27940  for a move back to 28068/ 28225/28400. Bearish below 27784 for a move back to 27656/27450/27225.Important time cycle date for coming week is on 29 Aug

Bank Nifty Monthly

As discussed in last analysis  Bulls need to close above 28400 for a move continue towards 29000. Bears will get active below 28000 for a move towards 27784/27500.

Low made was 27783 for the last week, so bears were able to to 1 target below 28000. Now till we are below 28000 bears can push index towards 27570/27250. Bullish above 28068 for a move back to 28225/28400.



 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:27920

Bank Nifty Resistance :28068,28225,28368

Bank Nifty Support :27784,27636,27444

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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