Nifty Bank Nifty Trading Levels for 14-17 March Week

Last week, both indices ended in the green. Nifty closed 385 & Bank Nifty 138 points higher on the close-to-close basis.

Next week, the 16700-850 zone will play an important role. Until Nifty is trading below 16700-850 zone, bears are strong. On the downside, the 16470-440 zone will act as support.

The Bank Nifty has strong support at 34300-100 zone. If it breaks & sustains below that zone, bears will get the upper hand. On the upside, the 34900-35000 zone is the resistance.

Nifty has strong support

Nifty Weekly Gann levels

Next week, 15 March, is the Gann date for the Nifty 50 Index.

Resistance: 16700. Above that, the Nifty 50 Weekly trend can change, and it can start moving towards 16760/16830/16910/17000 levels.

Support: 16480. Below that, the Nifty 50 can start moving lower towards 16420/16350/16270/16180 levels.

Bank Nifty has strong support

Bank Nifty Weekly Gann levels

Next week, 15 March, are the Bank Nifty Gann dates.

Resistance: 35000. Above that, the Bank Nifty Weekly trend can change, and it can start moving towards 35200/35500/35900/36400 levels.

Support: 34300. Below that, Bank Nifty can start moving lower towards 34100/33800/33400/32900 levels.

Note: The above levels are only for study. Not a Buy/Sell advice.

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.