The exciting week ahead. Short to the medium-term structure is in favor of bulls as the new positive signs are there.
But last’s week price action after Wednesday is not convincing.
It’s 70:30 probability.
The 70% chances for upside (much in Bank Index). And 30% odds for down/rangebound move.
Plus, next week, Anniversary & short-to-medium term cycles are coming jointly.
The best time for day traders. The high volatility. The wild swing moves can happen.
Nifty Weekly Analysis
In the coming week, 26 & 30 October are the Crucial Gann dates.
Next week 11999 will act as Resistant. Above such the Gann level Nifty Index can move towards 12050/12120/12240 levels.
The 11860 will act as support. And below such Gann level, Nifty can move towards 11810/11740/11620 levels.
Nifty Bank Weekly Analysis
In the coming week, 26 & 30 October are the Crucial Gann dates.
Next week, 24700 will act as Resistant. Above such the Gann level, Nifty Bank Index can move towards 24850/25100/25500 levels.
The 24200 will act as support. And below such Gann level Nifty Bank can move towards 24050/23800/23400 levels.
Note: The above levels are only for study purposes. Not a Buy/Sell advice.
