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Bank Nifty Weekly Analysis for 30 Sep-04 Oct Week

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Updated On:

Last week Bank Nifty opened gap up. Due to that, no trade get the trigger. The Bank Index ended the week with 895 points gain.

One critical Time Cycle is reaching its point in the coming day. Hence, the index can experience more volatile swings and quick up-and-down moves.

Due to its expiry, last week was also full of excellent trading opportunities as we applied our new Private proprietary trading technique, the ‘Hook Timing’ method.

We successfully got Three profit trading signals, almost each of the turn gave around 500 points gains.

Were you able to locate such turning points? 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, the Bank Index need to hold level 29450 for further upside towards 29725/30125.

If Bank Nifty fails to hold the 29450 levels, then we can see the slide towards the 29175/28750 levels.

In the forthcoming week, 30th Sep & 03rd Oct are the critical dates.

Bank Nifty Weekly Trading Levels

Next week, 30025 will act as Resistance above, which moves towards 30275/30675/31175 can be seen.

While Support is likely to come at 29450, below that move towards 29200/28800/28300 can be seen

Note: The above-mentioned Price projection & other Information are for educational purposes 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.