Last week both indices closed on a positive note. The Nifty closed 293 and Bank Nifty 994 higher on a close-to-close basis.
Next week, 18030 will play an important role in deciding the Nifty Index trend. A sustainable move above that level will strengthen the bulls more. On the lower side, 17750 & 17600 will act as the supports.
For Bank Nifty, the 40700-750 zone will be crucial. A sustainable move above that will strengthen the bulls more. And the 39200-39100 zone will act as the support on the lower side.
Nifty Weekly Gann levels
Next week, 12 & 16 September, are the Gann dates for the Nifty 50 Index.
Resistance: 17950. Above that, the Nifty 50 can trade higher and reach 18020/18110/18220/18350 levels.
Support: 17750. Below that, the Nifty can move lower towards 17680/17590/17480/17350 levels.
Bank Nifty Weekly Gann levels
Next week, 13 & 16 September, are the Bank Nifty Gann dates.
Resistance: 40750. Above that, the Bank Nifty Weekly trend can change, and it can start moving towards 40950/41250/41650/42150 levels.
Support: 40100. Below that level, Bank Nifty can move lower towards 39900/39600/39200/38700.
Note: The above levels are only for study. Not Buy/Sell advice.