We are pleased to announce the launch of our New website dedicated to WD Gann's work.

Nifty Bank Nifty Gann Analysis for the 03-07 April Week

Published On:

On a weekly close-to-close basis last week, the Nifty closed 414 points higher, and the Bank Nifty closed 1213 points higher.

Next week, the 17600 level will play a critical role in deciding the weekly trend of the Nifty. The bears will gain an advantage if they move and manage to stay below the 17100 level.

Bank Nifty’s 41100 level is decisive; any sustained rise above that level will be good for Bank Nifty’s bulls. On the downside, the 40400 level will act as support.

Gann date for Nifty

Weekly Gann Levels for the Nifty

Next week, 03 April, is an Important Gann date for Nifty.

A break and hold above the 17410 resistance level could take the Nifty 50 Index higher towards the 17470/17560/17670/17800 levels.

Lower-end Gann support is at the 17230 level. If the Index holds below that, then it may move toward the 17170/17080/16970/16840 levels.

Weekly Gann Levels for Bank Nifty

Next week, 03 April, is an Important Gann date for Bank Nifty.

A break and hold above the 40900 resistance level could lift the Bank Nifty Index towards the 41100/41400/41800/42300 levels.

Lower-end Gann support is at 40400. If the Bank Nifty breaks and holds below that level, then it could move toward the 40200/39900/39500/39000 levels.

Note: The above levels are for educational purposes. Not Buy/Sell advice.

Ready to look Deeper into WD Gann's Breakthrough work?

Subscribe now and elevate your understanding of WD Gann's techniques through our informative blog posts. Your path to learning begins here!

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.