Bank Nifty Weekly Forecast for Post Budget Week

Last Week we gave Chopad level of 31200 – Bank Nifty gave Short and Hit SL Long on 02 July did all 2 target on Upside so Average week for chopad followers. Lets see how to trade Bank Nifty in coming week as we approach important astro date on 08/ 11 July.

Bank Nifty Harmonic Pattern

Till we are holding 31000 we can rally towards 31666/32000.

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Now coming week Bulls need to move above 31500 for a move back to 31784/32000 Bearish below 31400 for a move back to 31200/31000/30784

Gann Angles

Bulls need to hold 31000 for June month for the rally to continue towards 32700. Bears will get active below 30800 for a move back to 30500/30250/30000/29580

Bank Nifty Gann Dates

Bank Nifty As per time analysis 08/11 July is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

Now coming week Bulls need to move above 31500 for a move back to 31784/32000 Bearish below 31400 for a move back to 31200/31000/30784

Bank Nifty Monthly

For July month 31026 should be watched in any decline will act as support zone.

Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:31420

Bank Nifty  Resistance: 31610,31784,31989

Bank Nifty Support:31250,31075,30858