Bank Nifty forms Shooting Star, Weekly Forecast

Last Week we gave Chopad Level 20001  Bank Nifty gave Long entry on Tuesday, who took position as per Chopad levels were rewarded handsomely , as it did all 3 target by Wednesday.  Lets analyze how to trade in coming week.

Bank Nifty Hourly

As discussed in last analysis  Now Bulls need a close above 20000 for further move towards 20300/20500 which is double target of breakout zone.
Support comes at the lower end of AF @19840-19950 zone. Resistance at 20500. Break of any of the zone can see fast move of 300-400 points.

Supply and Demand Analysis

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