Bank Nifty Weekly View 2nd – 5th May

Last week Bank Nifty gave long entry above 21700 on monday & did all 3 targets as per weekly trading levels, For next week we can see some correction as per time cycle & as per gann analysis range of 22200 – 22350 will play important role next week


As per short term elliott wave analysis Bank Nifty has completed it 3rd wave & now correction can be seen ahead


Bank Nifty will going to be enter into new short term time cycle from 2nd may , below i have marked the past moves of this short term time cycle


3rd 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 22250


Bank Nifty Weekly Trading Levels

Buy Above 22510

Target – 22650 / 22800 / 23100

Sell Below 22200

Target – 22050 / 21900 / 21600



. 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 

Leave a Comment

Your email address will not be published.

Take Your Trading Knowledge To The Next Level

Dive in to check all the unique trading courses that let you enhance your Trading Knowledge & will help you in building your trading edge.

Scroll to Top