Last week around the fixed time cycle date, the Pause in Nifty and Bank Nifty Index uptrend took place.
The effect of the past week’s time cycle if continues next week, then pullback can happen in both Indexes.
Nifty Index Weekly Analysis
Next week 14 & 17th December is the significant Gann dates.
Next week 13550 will act as Resistant. Above that, Index can advance towards 13600/13670/13820 levels.
Support is at 13370 levels. Below that, Index can move towards 13320/13250/13100 levels.
Bank Nifty Index Weekly Analysis
Next week 14 & 17th December is the vital Gann dates.
Next week 30850 will act as Resistant. Above that, the Gann level Bank Nifty Index can advance towards 30999/31250/31700 levels.
Support is at the 30400 levels. Below that Bank Nifty Index can shift towards 30250/29999/29550 levels.
Note: The above levels are only for study. Not a Buy/Sell advice.
