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Bank Nifty Forecast for 22-25 Oct Week

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Updated On:

Last week above 28300 Bank Nifty bulls got the strength and did our all the three targets weekly targets. The Bank Index ended the week with 1077 points gain.

The complete move of 1077 points was easy to catch and trade by using any of the Unique trading techniques.

Our Exclusive time-based trading method ‘Hook Timing Method’ gave BUY signal on Monday about the upcoming rally.

Were you able to locate such a turning point? If not, then E-mail me today to know more about our ‘Unique’ trading techniques, which can easily be applied to any trading instruments. 

Bank Nifty Weekly Forecast

Now in the coming week, Bank, Nifty bulls need to close above 29425 for keeping the upside momentum going on. If they fail to do so, then we can again see the correction.

On the lower end, 28770 level holds the significant Support below that bears will get some strength back.

In the forthcoming week, 22nd & 25th Oct are the critical dates.

Bank Nifty Weekly Trading Levels

Next week 29225 will act as Resistance above, which moves towards 29375/29625/30150 can be seen.

While Support is likely to come at, 28875 below that move towards 28725/28475/27950 can be seen.

Note: Above mention Price projection & other Information are for educational purpose only.

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About the Author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.