Bank Nifty Weekly Forecast for 10-14 Sep


Last Week we gave Chopad level of 28131 Bank Nifty gave short entry and did all 3 target on downside, so excellent week for chopad followers. Lets see how we trade bank nifty in coming week as we approach confluence of time cycle on 10-11 Sep.

Bank Nifty Harmonic Pattern

No Valid Harmonic Patter For coming week. Last week pattern got invalidated below 11600

 

Supply and Demand Analysis

 

Self Explanatory chart..

Planetary Cycles and Bank Nifty Movements

As discussed in last Analysis  Now bulls need a close above 28125 for a move back to 28368/28520. Bearish below 28000 for a move back to 27920/27784/27656.

Bullish above 27600 for a move back to 28000/28225. below 27200 Bears have upper had and can push index towards 27000/26800/26656.

 

Gann Angles

As discussed in last Analysis  Fresh shorts below 28000 only for a fast move towards 27920/27784/27656/27400. Bullish above 28125 for a move towards 28225/28370/28500.

Heading towards the lower end of gann angle around 26200-26000 till we are below 26600.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 10-11 Sep is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

It was negative week, with the Bank Nifty down by 580 points  closing @27481 .As discussed in last Analysis Now bulls need a close above 28125 for a move back to 28368/28520. Bearish below 28000 for a move back to 27920/27784/27656.

All bearish target done, Now coming week we are getting the confluence of time cycle on 10-11 Sep suggesting till  below 27200 Bears have upper had and can push index towards 27000/26800/26656. Bullish above 27600 for a move back to 28000/28225

Bank Nifty Monthly

As discussed in last Analysis  Bears below 28000 bears can push index towards 27570/27250. Bullish above 28068 for a move back to 28225/28400.

Bears did the target on downside towards 27250. Now Till we are holding the low of 27230 Bulls can push index bank to 28000. Bearish below 27200 for a move back to 2700/26500/26250.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:27420

Bank Nifty Support :27225,27070,26850

Bank Nifty Resistance:27600,26784,26930

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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