Bank Nifty Weekly Forecast for RBI MONETARY POLICY Week

Last Week We gave Chopad Level of  35200 Bank Nifty gave SHORT Entry which  did 4 target on DOWNSIDE  so EXCELLENT Week for Chopad Followers,Coming week as Saturn goes opposition combined with RBI Policy can give trending move in Market.

Bank Nifty Harmonic Pattern

Price did target on downside and now break of 34100 can see quick fall towards 33500/33000.

Bank Nifty Gann Angles

Price is uable to cross gann angle resistance came down heading back to resistance zone.

Planetary Cycles and Bank Nifty Movements

Price is holding Mercury Planneatry line of support.

Bank Nifty Supply and Demand

Self Explanatory chart..

Bank Nifty Time Analysis Pressure Dates

Bank Nifty As per time analysis 02/06 Aug is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly Chart

Price holding weekly support zone of 34100

Bank Nifty Monthly Charts

Perfect Doji on Monthly chart, Breakout above 35000 and Breakdown below 34100.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:34650

Bank Nifty Resistance:34900,35141,35400,35700,36000

Bank Nifty  Support:34323,34040,33864,33555,33225

 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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