Last week, Nifty and Bank Nifty bulls squeezed the bears like lemons.
Now next week situation can change.
The shorter term time cycles can turn the trend in favor of bears. For short-term at least.
Nifty Weekly Trading Levels
Next week 08 & 011 February, are the crucial Nifty Gann dates.
Resistant is at 14999 level. Above that, Index can move towards 15070/15150/15500.
Support is at 14860 levels; below that, the Nifty 50 Index can move towards 14790/14710/14350.
Nifty Bank Weekly Trading Levels
Next week 08 & 011 February are the crucial Bank Nifty Gann dates.
Resistant is at 35999 levels; above that, the Nifty Bank Index can move towards 36200/36500/37200.
Support is at 35499 levels; below that, the Bank Nifty Index can move towards 35300/35000/34300.
Note: The above levels are only for study. Not a Buy/Sell advice.