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 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 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.
