Ideas and Weekly Forecast for Bank Nifty

By | May 10, 2021 1:43 am

We have Venus Ingress tommrow and Jupiter Ingress on 12 May  suggesting both Nifty and Bank Nifty should see trending move in coming week.

Bank Nifty Harmonic Pattern

Till Price is holding 31500 can see quick ride towards 33473/34042

Bank Nifty Gann Angles

Perfect fall from gann angle resistance

Planetary Cycles and Bank Nifty Movements

Price holding the support zone of Jupiter  Planneatry line.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Nifty As per time analysis  10/12 May is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Price bounced from Support zone on Weekly chart.

 Bank Nifty Monthly Charts

Monthly Chart above 33000 bulls have upper hand

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:33100

Bank Nifty Resistance:33400,33729,34040,34444

Bank Nifty  Support:32816,32690,32513,32150

 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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