Last week, the Nifty & Bank Nifty Index made a new high and started correcting from there.
Nifty 50 Index did the perfect Gann Price Time Squaring at 15431 levels. 😉
12430.50 (Jan 2020 top) + 3000 points (Important Gann number) = 15431 (16th Feb 2021 high).
And 16th Feb was near the 45th day (Important Gann count number) of the year 2021.
So that formed the Natural Gann Prime Time Squaring spot.
Next week will be quite interesting. As bears are showing great strength & bulls are also not looking to give up.
So there will be a good fight between bulls & bears.
Nifty Weekly Trading Levels
Next week 22 & 25 February, are the crucial Nifty Gann dates.
Resistant is at 15070 levels. Above that Index can move towards 15130/15220/15370.
Support is at 14940 levels; below that Nifty 50 Index can move towards 14880/14790/14640.
Nifty Bank Weekly Trading Levels
Next week 22 & 24 February, are the crucial Nifty Bank Gann dates.
Resistant is at 36100 levels; above that Bank Nifty Index can move towards 36300/36700/37400.
Support is at 35600 levels; below that, Nifty Bank can move towards 35400/35000/34300.
Note: The above levels are only for study. Not a Buy/Sell advice.