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Nifty Bank Nifty Index Weekly Gann Levels 17-21 May

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Last week Nifty and Bank Nifty Index traded lower after striking a high on Monday.

The Bank Nifty Index is trading in a weak zone. Bank Nifty needs to sustain or close above the 32900-950 range to enter the positive trading zone.

But Nifty 50 Index last to last weekly close was positive, and Index is managing that point well.

Next week 14480-590 range will play a crucial role for the Index. If bulls hold the range mentioned above next week with a positive build-up on a weekly time frame, then Index can bounce back. 

Nifty 50 Index Weekly Levels

Nifty 50 Index Weekly Gann Levels

Next week, 17 & 20 May, are the crucial Nifty Gann reversal dates.

Resistance is at 14780 levels. Above that, Index can move towards 14830/15900/14990/15150.

Support is at 14550 levels; below that Nifty 50 Index can move towards 14490/14420/14330/14170.

Bank Nifty Index Weekly Gann Levels

Next week, 17 & 20 May, are the crucial Bank Nifty Gann reversal dates.

Resistance is at 32500 levels; above that Bank Nifty Index can move towards 32650/32900/33200/33700.

Support is at 31900 levels; below that, Nifty Bank can move towards 31750/31500/31200/30700.

Note: The above levels are only for study. Not a Buy/Sell advice.

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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.