Both Nifty and Bank Nifty Index last week made high near Gann levels and started correcting.
The Nifty 50 Index Anniversary cycle and other Gann time cycles worked quite well from a broader time frame.
The volatility will stay high because of broader time frame time cycles and upcoming budget sessions.
Nifty Weekly Analysis
Next week 25 & 27 January, are the crucial Nifty Gann dates.
Resistant is at 14440 levels; above that, the Nifty Index can move towards 14490/14560/14710.
Support is at 14290 levels; below that, the Nifty Index can move towards 14240/14170/14020.
Bank Nifty Weekly Analysis
Next week 25 & 29 January, are the crucial Nifty Gann dates.
Resistant is at 31500 levels; above that, the Bank Nifty Index can move towards 31650/31900/32400.
Support is at 30999 levels; below that, the Bank Nifty Index can move towards 30850/30600/30100.
Note: The above levels are only for study. Not a Buy/Sell advice.
