Bank Nifty Weekly Forecast as we Approach New Time Cycle

Last Week we gave Chopad Level 19252 Bank Nifty gave Long entry on Monday and did 1 target on Upside, Opened with Huge gap down on Wedneday but as soon as it moved above 19252 all target were done on upside by Thursday thus rewarding discipline chopad followers handsomely. Lets analyze how to trade bank nifty in coming  week as Finally the effect of 25-26 Oct Time Cycle is coming to an end and Bank Nifty will start a new cycle till 26 Nov. We can see continuation of current trend or trend reversal with 19750 being a trend change level for this new time cycle.

Bank Nifty Hourly

As discussed in last analysis  coming week holding 18960 bounce towards 19500/19750/20000.

After Big gap down on Wednesday as soon as 18960 was conquered we saw fast move towards 20000. For coming week 19800 holds key above it another up move towards 20300/20800.Bearish below 19300 for a move towards 18750

Bank Nifty Harmonic Pattern

Continue Reading