The Friday decline was the effect of last week’s discussed fixed Gann time cycle points. Now the coming week is crucial.
Two major time cycle points will get complete—first, Nifty 50 Index 20th Jan 2020 top anniversary point.
Second, Gann time cycles from a broader time frame will complete their limit. Another exciting week ahead.
Nifty Weekly Analysis
Next week 18 & 22 January, are the crucial Nifty Gann dates.
Resistant is at 14450 levels; above that, the Nifty Index can move towards 14520/14599/14850.
Support is at 14299 levels; below that, the Nifty Index can move towards 14230/14150/13900.
Bank Nifty Weekly Analysis
Next week 18 & 22 January, are the crucial Nifty Gann dates.
Resistant is at 32300 levels; above that, the Bank Nifty Index can move towards 32450/32700/33200.
Support is at 31900 levels; below that, the Bank Nifty Index can move towards 31750/31500/30999.
Note: The above levels are only for study. Not a Buy/Sell advice. Please read the disclaimer here.
