The indices rallied last week, favored by a surge in banking stocks. A Clear sign a big upside was already present before.
The big trading moves often hint quite before. And one who grasps their signs take the benefit.
Next week, the uptrend can witness a pause.
As many fixed & small time cycles (Daily time frame) complete their time. So big moves with high volatility can again happen.
Nifty Weekly Analysis
In the coming week, 09 & 13 November are the critical Gann dates.
Next week 12300 will act as Resistant. Above such, the Gann level Nifty Index can move towards 12350/12420/12560 levels.
The 12150 will act as support. And below such Gann level, Nifty can move towards 12100/12030/11890 levels.
Bank Nifty Weekly Analysis
In the coming week, 09 & 13 November are the critical Gann dates.
Next week 26950 will act as Resistant. Above such, the Gann level Nifty Bank Index can move towards 27100/27350/27800 levels.
The 26400 will act as support. And below such Gann level, Nifty Bank can move towards 26250/25999/25550 levels.
Note: The above levels are only for study. Not a Buy/Sell advice.
