Nifty Bank Nifty Trade Plan for 08-12 Nov Week

Wishing you warmth, love, and light this Diwali and all year long.

Last week, Nifty Bank Nifty traded in a range due to truncated trading week.

Next week, if Nifty breaks and holds above the first monthly resistance zone 18015-18030, it can trade higher. On the downside, 17900-880 is the support zone.

The 39300-100 is a crucial support zone for the Bank Nifty. The Bank Nifty range is 39100-39900. Either side breakout (withholding) will decide the trend of the week.

Nifty traded in a range

Nifty Weekly Gann Levels

Next week, 08 & 10 November, are the Gann date for the Nifty 50 Index.

Resistance is at 18030 levels. Above that, Index can move towards 18110/18200/18350.

Support is at 17890 levels; below that Nifty 50 Index can move towards 17830/17760/17680/17590.

Bank Nifty traded in a range

Bank Nifty Weekly Gann Levels

Next week, 09 & 10 November, are the Bank Nifty Gann date.

Resistant is at 39900 levels; above that, Bank Nifty Index can move towards 40150/40500/40950/41500.

Support is at 39300 levels; below that, Nifty Bank can move towards 39050/38700/38250/37700.

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.