Nifty Bank Nifty Weekly Forecast 08-12 March

Last week both Bulls & Bears continued their fight like great warriors, and still, no one has become a clear winner.

The Bank Index bulls are making strong support between 34700-35000 range; below the lower part of the range, we may see 1000-1500 points fall.

The next week many short-to-medium term Gann time cycles will complete their point. Hopefully, after that, the trend will get crystal clear.

Nifty Weekly Trading Levels

Next week 08 & 10 March, are the crucial Nifty Gann dates.

Resistant is at 15020 levels; above that, Index can move towards 15080/15160/15300.

Support is at 14860 levels; below that Nifty 50 Index can move towards 14800/14720/14580.

Bank Nifty Weekly Levels

Next week 08 & 10 March, are the crucial Nifty Bank Gann dates.

Resistant is at 35600 levels; above that Bank Nifty Index can move towards 35850/36200/36800.

Support is at 35100 levels; below that, Nifty Bank can move towards 34850/34500/33900.

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.