Bank Nifty Weekly Analysis for 30 Sep-04 Oct Week

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.

In the coming day’s one critical Time Cycle is reaching its point. Hence more volatile swings and quick up’s & down moves can be seen in the Index.

Due to expiry last week was also full of excellent trading opportunity by applying our new Private proprietary trading technique called ‘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 on any trading instruments.

Bank Nifty Weekly Forecast

Now in the coming week, Bank Index need to hold level 29450 for further upside towards 29725/30125.

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

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

Bank Nifty Weekly Trading Levels

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

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

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

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.