Last week Nifty and Bank Nifty Index traded on the higher side till Thursday.
Later both faced the resistance around the Gann level and gave up over 50% of the weekly gain.
The Nifty close below 14740 on Friday is a negative part, and Index can visit more downside levels next week.
Nifty Weekly Gann Levels
Next week, 03 & 06 May, are the crucial Nifty Gann dates.
Resistant is at 14735 levels. Above that, Index can move towards 14799/14880/15050.
Support is at 14560 levels; below that Nifty 50 Index can move towards 14499/1420/14250.
Bank Nifty Weekly Gann Levels
Next week, 27 & 29 April, is the crucial Nifty Bank Gann dates.
Resistant is at 33100 levels; above that Bank Nifty Index can move towards 33350/33700/34400.
Support is at 32600 levels; below that, Nifty Bank can move towards 32350/31999/31300.
Note: The above levels are only for study. Not a Buy/Sell advice.