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Nifty Bank Nifty Weekly Trading Levels 21-24 Dec

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The next coming week is a short trading week because of the Christmas holiday on 25th Dec.

Last week both Nifty/Bank Nifty Indices first shown the pullback move because of the past week’s time cycle effect.

Next week market can again witness pullback because fixed time cycle points are due in the next week.  

Nifty weekly chart

Nifty Weekly Analysis

Next week 21 & 24th December is the significant Gann dates.  

Next week, 13800 will act as Resistant; above that, Index can advance towards 13850/13920/14030 levels.  

Support is at 13630 levels; Below that, Index can move towards 13580/13510/13370 levels.

Bank Nifty Weekly Gann Angle Chart

Bank Nifty Weekly Analysis

Next week, 23rd December, is the vital Gann date.  

Next week, 30900 will act as Resistant; above that, the Gann level Bank Nifty Index can advance towards 31050/31300/31800 levels. 

Support is at the 30550 levels., Below that Bank Nifty Index can shift towards 30400/30150/29650 levels.

Note: The above levels are only for study. Not a Buy/Sell advice. 

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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.