Last week, above 28300, Bank Nifty bulls gained strength and met all three weekly targets. The Bank Index ended the week with a 1077-point gain.
The complete move of 1077 points was easy to catch and trade 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.
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Bank Nifty Weekly Forecast
Now, in the coming week, Bank and Nifty bulls need to close above 29425 to keep the upside momentum going. If they fail to do so, we can again see the correction.
On the lower end, the 28770 level holds significant Support. Below that, bears will get some strength back.
The critical dates for the forthcoming week are 22nd & 25th Oct.
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, that move towards 28725/28475/27950 can be seen below.
Note: The above-mentioned Price projection & other Information are for educational purposes only.
