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Nifty Bank Nifty Weekly Trading Levels 12-16th Oct

Last Updated: October 20, 2020 By Divesh

The bulls are running up in full motion. And it seems they may post a new all-time high. 

Nifty Bank index is also flowing inline with the Nifty. But still, force is missing. 

Now ahead, two critical time cycle will complete their point in next week. So, a change in trend can occur.

The primary time cycle point for October month is still far from here. The next week's cycles are periodical and come every month.

Nifty Weekly Analysis

In the coming week, 12 & 16th Oct are the Important Gann dates. 

Next week 12010 will act as Resistant. Above such the Gann level, Nifty Index can move towards 12060/12130/12250 levels.

The 11880 will act as support. And below such Gann level, Nifty can move towards 11830/11760/11640 levels.

Nifty Bank Weekly Analysis

In the coming week, 12 & 16th Oct are the Important Gann dates.

Next week 23950 will act as Resistant. Above such the Gann level, Nifty Index can move towards 24100/24300/24700 levels.

The 23550 will act as support. And below such Gann level, Nifty can move towards 23400/23200/22800 levels.

Note: Above mention Price projection & other Information is for educational purpose only.


Tags

Bank Nifty Weekly Trading Levels, Nifty Gann Time Cycle Analysis


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