Bank Nifty Weekly Forecast for 05-09 June

Last Week we gave Chopad Level 22820  Bank Nifty gave Long on Monday which got stopped out and Short were triggered  on Monday which did 1 Chopad Target  thus rewarding disciplined Chopad  Traders, Next 2 Traders again were stopped out as bank nifty was trading in small range, so a tough week for chopad followers and had to let go some gains of last 2 last week.  Lets see how to trade in coming week as we have RBI Policy coming out.

Bank Nifty Hourly

As discussed in last analysis  Coming week bulls should hold 23000 for next move towards 23762/24000. Bears below 23000 for a move towards 22800/22650.

Low made was 23093 so bulls did a good job holding 23000 but

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