Gann Level Nifty Bank Nifty Weekly Trading Levels 26-30 Oct

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 is only for study purposes. 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.