Last week, the Nifty continued to trade higher, while Bank Nifty traded in a range.
The coming week is crucial as various Gann time cycles will achieve their sequence ends. Hence, that can trigger a pullback in the present uptrend.
Next week, If Nifty breaks and holds below the 17790-810 zone, it takes a dip towards 17730/17650/17480 levels. On the upside, 17910 and 17965 are the crucial resistance levels.
And Bank Nifty needs to break and hold above 38150 for further upside. On the downside, 37500-300 is the crucial support zone.
Nifty Weekly Gann Levels
Next week, 27 & 29 September, are the Nifty Gann reversal date.
Resistance is at 17910 levels. Above that, Index can move towards 17960/18020/18090/18170.
Support is at 17780 levels; below that Nifty 50 Index can move towards 17730/17670/17600/17520.
Bank Nifty Weekly Gann Levels
Next week, 27 & 29 September, are the Bank Nifty Gann reversal dates.
Resistant is at 37950 levels; above that Bank Nifty Index can move towards 38100/38300/38550/38850.
Support is at 37500 levels; below that, Nifty Bank can move towards 37350/37150/36900/36600.
Note: The above levels are only for study. Not a Buy/Sell advice.
