Nifty Bank Nifty Gann Analysis for 14-18 Feb Week

Last week, both Nifty & Bank Nifty ended the week in the red. Nifty closed 150 & Bank Nifty 300 points lower on a close to close basis.

Next week, the 17290 level will play a crucial role in deciding the Nifty weekly trend. On the upside, the 17450-550 zone is the resistance.

Until Bank Nifty is trading below 38800-900 zone bears, have the upper hand. On the downside, the 38200 is major support.

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deciding the Nifty weekly trend

Nifty Weekly Gann Levels

Next week, 14 & 15 February, are the Gann dates for the Nifty 50 Index.

Resistance: 17450. Above that, the Nifty 50 Weekly trend can change, and it can start moving towards 17510/17580/17660/17750 levels.

Support: 17290. Below that, the Nifty 50 can start moving lower towards 17230/17160/17080/16990 levels.

bank nifty deciding the Nifty weekly trend

Bank Nifty Weekly Gann Levels

Next week, 14 & 15 February, are the Bank Nifty Gann dates.

Resistance: 38800. Above that, the Bank Nifty Weekly trend can change, and it can start moving towards 3900/39300/39700/40200 levels.

Support: 38200. Below that, Bank Nifty can start moving lower towards 38000/37700/37300/36800 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.