Bank Nifty Weekly View 15th-19th May

Last week Bank Nifty gave buy entry above 22770 which made high of 22977 did 1st target as per our weekly trading level, next week range of 22700-22750 will play crucial role for next trending move

 

As per short term EW setup, Bank Nifty has completed 3rd wave & move towards 4th wave can be seen for which levels are comming 22250-21770

 

Bank Nifty has enter into new short term time cycle, below i have also marked the past moves of this short term time cycle

 

17th & 19th may are 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 22750

 

Bank Nifty Weekly Trading Levels

Buy Above 22840

Target – 22980 / 23180 / 23430

Sell Below 22510

Target – 22360 / 22180 / 21930

 

 

. 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