Last week both the Nifty and Bank Nifty Index did the low near Gann levels and showed positive strength on a short-term basis.
The coming week’s setup is crucial from a short-to-medium-term trend perspective. I will try to update more on that setup in my daily analysis.
Nifty Weekly Gann Levels
Next week, 26 & 30 April, are the crucial Nifty Gann dates.
Resistant is at 14420 levels. Above that, Index can move towards 14480/14560/14690.
Support is at 14250 levels; below that Nifty 50 Index can move towards 14190/14110/13980.
Bank Nifty Weekly Gann Levels
Next week, 27 & 29 April, is the crucial Nifty Bank Gann dates.
Resistant is at 31850 levels; above that Bank Nifty Index can move towards 32100/32500/33100.
Support is at 31300 levels; below that, Nifty Bank can move towards 31050/30650/29990.
Note: The above levels are only for study. Not a Buy/Sell advice.