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Weekly Gann Analysis of Nifty & Bank Nifty for 13-17 Dec

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Updated On:

Last week. Nifty & Bank Nifty opened flat, soon bears dragged both the Indices lower, and Nifty made the low of 16891 and Bank Nifty 35696. From there, both the Indices moved upwards.

Next week. If Nifty breaks and holds above the 17600-640 zone, it can move higher. On the downside, 17450-390 is the support zone.

And Bank Nifty bulls need to hold the 36900-800 zone to rally further. On the upside, the 37450-600 zone is the major resistance.

Nifty Weekly Gann Levels

Next week, 15 & 16 Dec, are the Gann dates for the Nifty 50 Index.

Resistance: 17600. Above that, the Nifty 50 Weekly trend can change, and it can start moving towards 17660/17730/17810/17900 levels.

Support: 17450. Below that, the Nifty 50 can start moving lower towards 17390/17320/17240/17150 levels.

Bank Nifty Weekly Gann Levels

Next week, 13 & 15 Dec, are the Bank Nifty Gann dates.

Resistance: 37400. Above that, the Bank Nifty Weekly trend can change, and it can start moving towards 37600/37900/38300/38800 levels.

Support: 36900. Below that, Bank Nifty can start moving lower towards 36700/36400/36000/35500 levels.

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

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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.