Last week Nifty ended only 79 points lower. But Bank Index fell over 1000 points.
Next week, If Nifty breaks and sustains below the 16380-340 range, it can fall more. On the higher side, 15550 is the resistance level.
Below 35100-35400, Bank Nifty is weaker, and soon if it did not move above this zone, it could drop more. On the downside, 34800 is the support level.
Nifty Weekly Gann Levels
Next week, 24 & 26 August, are the Nifty Gann dates.
Resistance is at 16550 levels. Above that, Index can move towards 16660/16820/17090.
Support is at 16340 levels; below that Nifty 50 Index can move towards 16230/16070/15800.
Bank Nifty Weekly Gann Levels
Next week, 24 & 26 August, are the Bank Nifty Gann reversal dates.
Resistant is at 35400 levels; above that Bank Nifty Index can move towards 35700/36100/36600.
Support is at 34800 levels; below that, Nifty Bank can move towards 34500/34100/33600.
Note: The above levels are only for study. Not a Buy/Sell advice.