Bank Nifty Weekly Forecast as we approach State Election Result Outcome

By | December 9, 2018 6:50 pm

Last Week we gave Chopad level of 26920 Bank Nifty gave a Short Trade did all 3 target on downside, Top for the week was made on 03 Dec our time cycle date. Lets see how we trade Bank Nifty in coming week as we approach time cycle date of 10 Dec and Election Results on 12 Dec.



Bank Nifty Harmonic Pattern


No Valid Harmonic Pattern Observed.


Supply and Demand Analysis


Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Bullish above 26666 for a move towards 26800/27000/27220/ 27340/27532  Bearish below 26500 for a move back to 26250/26000/25920/25784

Gann Angles

Took Resistance at higher end of gann angle, Breakdown below 26100.


Bank Nifty Gann Dates

Bank Nifty As per time analysis 10/13 Nov is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was negative week, with the Bank Nifty down by 269 points  closing @26595 .As discussed in last analysis Now Bulls need to close above 27000 for a move back to 27225/275000. Bearish below 26820 for a move back to 26663/26500.

Bearish target done and we made top on time cycle date of 03 Dec, Now bulls need to close above 26666 in case of any gap down due to exit poll/election results for up move towards 26800/27000/27220/ 27340/27532 . Bearish below 26500 for a move back to 26250/26000/25920/25784. 10 Dec is very imp time cycle date again, High and low of 10 Dec is very important for next whole week.

Bank Nifty Monthly


For December Month Bank Nifty Bulls need a close above 27000 for Bulls to continue the rally towards 280000. Bearish below 26500 for a move back to 26000/25500 for Dec month.



 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:26500

Bank Nifty Resistance:26666,26896,27000,27225

Bank Nifty Support:26250,26000,25920.25784

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.

Want to see post in your Inbox,Register by adding your email id in Post in your Inbox section

Follow on Facebook during Market Hours:

Follow on Twitter during Market Hours:

Leave a Reply