Nifty Bank Nifty Weekly Trading Plan 03-07 May

2 May 2021

Last Updated: 12 May 2021

Last week 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 the weekly gain.

The Nifty close below 14740 on Friday is a negative part, and Index can visit more downside levels next week.

Nifty Weekly Gann Levels

Next week, 03 & 06 May, are the crucial Nifty Gann dates.

Resistant is at 14735 levels. Above that, 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

Next week, 27 & 29 April, is the crucial Nifty Bank Gann dates.

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.

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.

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