Bank Weekly Forecast before Fed Rate Hike Decision
Last week we gave the Chopad level of 16000 Bank
Nifty gave Buy opputunity @16000 for Chopad Followers and did all 3
targets by Tuesday thus rewarding Chopad Followers by 670 points. Important Events For Next Week – All eyes on Fed, BoJ and Greece and we also have trading Holiday on 17 Sep. Lets analyze how to trade market in coming week.
Bank Nifty hourly chart is in neutral mode as it closed around 21/34 EMA, also forming contracting triangle pattern whose targets are shown above.
Resistance@ 225degree line
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Bank Nifty Hourly
Bank Nifty hourly chart is in neutral mode as it closed around 21/34 EMA, also forming contracting triangle pattern whose targets are shown above.
Bank Nifty Pyrapoint Indicator
Resistance@ 225degree line
posted by Bramesh at
7:17 PM
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