Last week Nifty 50 Index opened with over 130 points gap.
Hence buy-side breakout above the Gann resistance level in Nifty gets nullified.
Later on the same day, Monday, bears dragged the entire markets on the downside.
And on the sell-side, they did the third target. The market ended the week with 314 points loss.
The last week’s turnaround in trend is part of the Important ‘Gann Cyclic’ points.
I had discussed it in the below post; Let’s take history as a guide for SEP month. A complete unique, in-depth detail has been given in the post.
In the coming week, 07 & 11th Sep are the Important Gann dates.
Nifty Weekly Trading Levels
Next week 11420 will act as Resistance; above that, 11470/11550/11690 levels can come.
The 11230 will act as Support; below that, 11180/11100/10960 levels can be seen.
Bank Nifty Weekly Analysis
Last week Nifty 50 Index opened with over 130 points gap.
Hence buy-side breakout above the Gann resistance level in Nifty Bank gets wiped out.
Later on the same day, Monday, Bank Nifty bears dragged the entire markets on the downside.
And they did the third target on the sell-side. The market ended the week with a 1512 points loss.
In the coming week, 09 & 10th Sep are the Significant Gann dates.
Bank Nifty Weekly Trading Levels
Next week 23400 will act as Resistance; above that, 23570/23900/24400 levels can come.
The 22900 will act as Support; below that, 22730/22400/21900 levels can be seen.
Note: Above mention Price projection & other Information is for educational purpose only.
