Bank Nifty Weekly Forecast

Bank Nifty Hourly Chart

Bank Nifty Hourly chart is trading in wide band of 15700-14700. Any break below 14700 will lead to further till 14200 odd levels.

Bank Nifty Elliot Wave Analysis

As per Elliot wave Analysis correction has started and short term target comes in range of 14800-14850. Any break below this we will need to review the count.

Bank Nifty Daily Chart

As per Gann Box green line in broken and bank nifty is targeting the blue line which comes around 14700 odd levels.

Fibonacci technique

23.6 % Fibo @15101 and 38.2% @ 14705 are 2 strong support which needs to be watched in coming week.

Bank Nifty Weekly Chart

It was negative week, with the Bank Nifty down by 436 points  closing @15106 . As per Andrew Pitchfork nifty is near its median line and unable to close above it pullback will start in market.  This is what we discussed last week and Nifty made exact high at Andrew Pitchfork median line and pulled back 500 points :)

Trading Monthly charts

Monthly chart gives a target of  17000  for short term as per Fibo ratio theory

Bank Nifty Weekly Trading Levels

Bank Nifty Trend Deciding Level:15046

Bank Nifty Resistance:15176,15306,15436

Bank Nifty Support:14916,14786 and 14656

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
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