Last week, the Nifty resistance zone 17410-425 worked great. It made a high near 17436 and fell 180 points. And in Bank Nifty Weekly Support (36200) & Resistance (36900), both worked well. It made high and low near these levels only.
Next week, If Nifty breaks and holds above 17430, it can rally towards 17480/560 levels. On the downside, 17300 and 17220 are the important Gann support levels. And in Bank Nifty, either side breakout of the 36200-36900 range will decide the trend.
Nifty Weekly Gann Levels
Next week, 13 & 16 September, are the Nifty Index Gann reversal date.
Resistance is at 17430 levels. Above that, Nifty can move towards 17480/17560/17670.
Support is at 17300 levels; below that Nifty 50 Index can move towards 17250/17170/17060.
Bank Nifty Weekly Gann Levels
Next week, 14 & 17 September, are the Bank Index Gann reversal dates.
Resistant is at 36900 levels; above that Bank Nifty can move towards 37100/37400/37800.
Support is at 36400 levels; below that, Nifty Bank can move towards 36200/35900/35500.
Note: The above levels are only for study. Not a Buy/Sell advice.
