Nifty Bank Nifty Weekly Trading Plan 09-13 Aug

The bulls beat the bears in the last week. Above discussed, 16030 levels Nifty rallied over 300 points. And Bank Nifty rallied over 2800 points, holding the 34340-300 Gann support zone.

The coming week seems interesting. Nifty and Bank Nifty are trading near important Gann Price Time levels, which may trigger a pullback in the present uptrend.

BankNifty Gann reversal dates

Nifty Weekly Gann Levels

Next week, 09 & 13 August, are the Nifty Gann reversal dates.

Resistance is at 16350 levels. Above that, Index can move towards 16410/16480/16560

Support is at 15210 levels; below that Nifty 50 Index can move towards 16150/16070/15950

Bank Nifty Weekly Gann Levels

Next week, 10 & 11 August, are the BankNifty Gann reversal dates.

Resistant is at 36200 levels; above that Bank Nifty Index can move towards 36500/36900/37400.

Support is at 35650 levels; below that, Nifty Bank can move towards 35350/34950/34400.

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

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.