Bank Nifty Weekly View 8th-12th May

Last week on tuesday Bank Nifty made low of 22240 near to our TCL of 22250 & from there made new life time high of 22853, rewarded around 600 points to TCL followers, for next week range of 22750 – 22800 will watched out closely for further trend

 

As per above chart any close above 22750 can take the the market towards new life time high 23000 – 23300, fail to close above 22750 can drag the market towards 22300 – 21800

 

Bank Nifty current short time cycle will going to end on 11th may, below i have also marked the past moves of this short term time cycle

 

9th May is Gann date for Bank Nifty, we can expect some volatility or we can see short term top or bottom over there

 

Bank Nifty Trend Changing Level 22750

 

Bank Nifty Weekly Trading Levels

Buy Above 22770

Target – 22900 / 23050 / 23350

Sell Below 22430

Target – 22300 / 22150 / 21850

 

 

. Kindly note above mention levels are for Bank 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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