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Bank Nifty Weekly Forecast after Historical Rally

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Updated On:

Last week Bank Nifty did our all the Three targets below weekly Support. Later in the week Bank Index moves above Weekly Resistance and did our all Three targets on the upside.

In the previous week, we also discussed, Bank Nifty is approaching the Fixed Time Cycle period.

The effect of the Fixed Time Cycle period triggers the Historical rise of 2200 points on Friday.

The complete 2200 points move of Friday in Bank Nifty was easy to trade by using any of our single trading methods.

Such opportunities come in a decade, and one can easily trade on such turns by gaining unique trading knowledge.

Bank Nifty Weekly Forecast

Bank Nifty needs to trade above 29470 for continuing the bullish sentiment of the last week.

Above 29470 we can expect the rise towards 29750/30150/30650 levels.

In the forthcoming week, 23 & 25 September is the critical dates.  

Bank Nifty Weekly Forecast/Trading Levels

Next week 29250 will act as Resistance above which move towards 29500/29850/30250 can seen.

While Support is likely to come at, 28700 below that move towards 28450/28100/27700 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.