Nifty and Bank Nifty continues to move higher last week as well.
Nifty 50 Index first fail hold above the Gann level, but on Friday, bulls held above that range, and Index rallied well in the last session.
Next week fixed Gann time cycle dates can cause the pullback, exciting week ahead for day traders.
Nifty Weekly Analysis
Next week 11 & 15th January, are the critical Gann dates.
Next week, 14450 will act as Resistant; above that, the Nifty 50 Index can advance towards 14520/14599/14850.
Support is at 14299 levels; below that, Index can move towards 14230/14150/13900.
Nifty Bank Weekly Analysis
Next week 11 & 15th January, are the critical Gann dates.
Resistant is at 32200 levels; above that, Nifty Bank Index can advance towards 32350/32600/33100.
Support is at the 31850 levels; below that, Index can turn towards 31700/31450/30950.
Note: The above levels are only for study. Not a Buy/Sell advice.
