Nifty Bank Nifty Gann levels for 07-11 March Week

Last week, both the indices ended in red. Nifty closed 400 & Bank Nifty 2000 points lower on the close-to-close basis. 

Next week, the 16100-16500 zone will play an important role for Nifty bulls. Either side breakout will give further hints about the trend.

In the same way, the 34200-34900 zone will decide the Bank Nifty trend in the coming week. 

nifty both the indices ended in red

Nifty Weekly Gann levels

Next week, 07 & 09 March, are the Gann dates for the Nifty 50 Index.

Resistance: 16300. Above that, the Nifty 50 Weekly trend can change, and it can start moving towards 16410/16530/16660/16800 levels.

Support: 16100. Below that, the Nifty 50 can start moving lower towards 15990/15870/15740/15600levels.

bank nifty both the indices ended in red

Bank Nifty Weekly Gann levels

Next week, 08 & 09 March, are the Bank Nifty Gann dates.

Resistance: 34800. Above that, the Bank Nifty Weekly trend can change, and it can start moving towards 35000/35300/35700/36200 levels.

Support: 34200. Below that, Bank Nifty can start moving lower towards 34000/33700/33300/32800 levels.

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.