Bank Nifty Weekly Prediction for 03-07 Aug

By | August 2, 2020 6:39 pm

Last Week we gave Chopad Level of 22500 Bank Nifty did all 4 target on downside so Excellent week for Chopad Followers. Coming Week 06 Aug is very important Astro Date.

Bank Nifty Harmonic

Reacted from PRZ Zone waiting for lower targets

Bank Nifty Gann Angles

Broke the triangle pattern on downside and near gann angle support, Break of 21350 another round of fall towards 21000/20750.

Planetary Cycles and Bank Nifty Movements

Heading towards confluence of plannetary suport line at 21623-21580, till below 22000.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis 03/06 Aug is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Took Support at lower end of Channel and till holding 21350 bulls have upper hand.

 Bank Nifty Monthly Charts

Bulls will become active above 21800 for a move back to 22119,22500,2289.Below 21350 Bears have upperhand can move towards 21000/20708.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:21600

Bank Nifty Resistance:21800,22021,22350,22666

Bank Nifty  Support:21350,21120,20850,20601

 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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