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Nifty Bank Nifty Weekly Trend Analysis 24-28 Aug

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Last week above 11260 Gann Resistance level; bulls did the high of 11460 does more than 2nd target on the upside. The market ended week with 193 points gain.

In the previous week’s analysis, we also discussed multiple ‘Time Cycles’ will complete their significant timing point. The effect of ‘Cycles’ was seen well as Nifty Index turned bullish from for the entire week.

In the coming week, 24 & 27 August are the Important Gann dates.

Nifty Weekly Trading Levels

Next week 11430 will act as Resistance; above that, 11480/11570/11700 levels can come.

The 11290 will act as Support; below that, 11240/11150/11020 levels can be seen.

Bank Nifty Weekly Analysis

Last week below, 21500 bears missed the first target by a few points. 

Later in the week, bulls pulled the Bank Index above 22000 and did more than 2nd target on the upside. The market ended week with 620 points gain.

In the coming week, 24 & 28 August are the Important Gann dates.

Bank Nifty Weekly Trading Level

Next week 22430 will act as Resistance; above that, 22550/22730/23100 levels can come.

The 22200 will act as Support; below that, 22080/21900/21500 levels can be seen.

Note: The above-mentioned Price projection & other Information is for educational purpose only.

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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.