Bank Nifty Weekly View 29th May-2nd June

Last week was not able to update weekly view due to some unavoidable work, For next week range of 23300 – 23400 will play crucial role for Bank nifty before next trending move

 

As per above Bank nifty price vibration chart bulls need to hold 23260-23300 area for move towards 23580 – 23800, bears will get active on close below 22900 for move towards 22750 – 22500

 

Bank nifty is going to enter into new short time cycle from 1st June,  below i have also marked the past moves of this short term time cycle

 

30th May & 1st June are Gann date for Bank nifty, we can expect some volatility or we can see short term top or bottom over around this date

 

Bank Nifty Trend Changing Level 23260

 

Nifty Weekly Trading Levels

Buy Above 23520

Target – 23650 / 23830 / 24100

Sell Below 23200

Target – 23070 / 22890 / 22620

 

. Kindly note above mention levels are for Nifty cash 

. Always trade with stoploss & book partial profit as 1st target reach or trail stoploss

 

Note: These are my personal trading views , before taking trade kindly consult your trading adviser & kindly see disclaimer

 

 

 

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