Last week, the Nifty and Nifty Bank Index traded on the higher side till Thursday.
Later, both Nifty and Nifty Bank faced resistance around the Gann level and gave up over 50% of their weekly gains.
The Nifty’s close below 14740 on Friday was negative, and the Index can visit more downside levels next week.
Nifty Weekly Gann Levels
The crucial Nifty Gann dates are next week, 03 & 06 May.
Resistant is at 14735 levels. Above that, the Index can move towards 14799/14880/15050.
Support is at 14560 levels; below that Nifty 50 Index can move towards 14499/1420/14250.
Nifty Bank Weekly Gann Levels
The crucial Nifty Bank Gann dates are next week, 27 & 29 April.
Resistant is at 33100 levels; above that Bank Nifty Index can move towards 33350/33700/34400.
Support is at 32600 levels; below that, Nifty Bank can move towards 32350/31999/31300.
Note: The above levels are only for study. Not a Buy/Sell advice.
