We are pleased to announce the launch of our New website dedicated to WD Gann's work.

Nifty Bank Nifty Weekly Analysis: Can Markets Fall Further?

Published On:

Updated On:

Last week, both indices moved higher in the first half of the week, and Bank Nifty made a new lifetime high. Then in the second half of the week, both fell and gave up most of the gains.

Next week, the 17590-650 zone will play an important role in deciding the Nifty Index trend. And a sustainable move above that zone will strengthen the bulls more. On the lower side, 17450 & 17150 will act as the supports

For Bank Nifty, the 40600-500 zone will be crucial. A sustainable move below that zone can push Bank Index further lower. And the 40890-41000 zone will act as the resistance on the higher side. 

Nifty Gann Angle Chart

Nifty Weekly Gann levels

Next week, 20 & 23 September, are the Gann dates for the Nifty 50 Index.

Resistance: 17650. Above that, the Nifty 50 can trade higher and reach 17730/17830/17950/18090 levels.

Support: 17450. Below that, the Nifty 50 can move lower towards 17370/17270/17150/17010 levels.

Bank Nifty made a new lifetime high

Bank Nifty Weekly Gann levels

Next week, 19 & 23 September, are the Bank Nifty Gann dates.

Resistance: 41000. Above that, the Bank Nifty Weekly trend can change, and it can start moving towards 41200/41500/41900/42400 levels.

Support: 40500. Below that level, Bank Nifty can move lower towards 40300/40000/39600/39100.

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

Ready to look Deeper into WD Gann's Breakthrough work?

Subscribe now and elevate your understanding of WD Gann's techniques through our informative blog posts. Your path to learning begins here!

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.