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August 2, 2020

Nifty Bank Nifty Weekly Trend Analysis 03-07 Aug

Last week above 11280 Nifty Gann resistance level; bulls made the high around 11340 levels did the first target.

Later in the week Index went below 11100 Nifty Gann support level & makes the 1st target on the selling side too.

In the previous week, Index breaks the Pause mode by trapping the bulls.

Nifty Index breaks the upper range. And trapped the bulls. As from the next day, Bears pulled the entire market on the downside.

I warned about such a move to our Free ‘Price Time Trading Group’ members one day before. If you wish you can become a member by signing up the below Free newsletter form.

Nifty Weekly Trading Levels

In the coming week, 03 & 06 August are the Important Gann dates.

Next week 11170  will act as Resistance above, which moves towards 11220/11290/11440 can come.

While I expect support to take place at 11000 below, that move towards 10950/10880/10730 can be seen


Bank Nifty Weekly Trend Analysis

The Bank Index is trading near multiple ‘Time Cycle’ confluence zone. The turning or maybe trend reversal can also happen in the next couple of days.

In the coming week, 04 & 07 August are the Important Gann dates.

Next week 21900  will act as Resistance above, which moves towards 22000/22200/22700 can come.

While I expect support to take place at 21300 below, that move towards 21200/21000/20500 can be seen.

Note: Above mention Price projection & other Information is for educational purpose only.

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