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.
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.
