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Nifty Bank Nifty Weekly Trading Plan 12-16 Apr

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Last week, the Nifty & Bank Nifty Index fell as per the Gann Price Time Squaring analysis. 

But later in the week, the Nifty 50 Index surged near 14984 levels and again started showing weakness. 

The Bank Nifty Friday close below 32500 is slightly bearish. But, the 32141 low of Wednesday (07th April) is a psychological support point.  

The coming week is crucial, and we may see the decisive move that will set the tone for the next trending move.


Nifty Weekly Gann Levels

Next week, 13 & 16 April, are the crucial Nifty Gann dates.

Resistant is at 14940 levels. Above that, Index can move towards 14999/15080/15210.

Support is at 14770 levels. Below that Nifty 50 Index can move towards 14710/14630/14500.

Bank Nifty Weekly Gann Levels

Next week, 13 & 16 April, is the crucial Nifty Bank Gann dates.

Resistant is at 32750 levels; above that Bank Nifty Index can move towards 32950/33250/33800.

Support is at 32100 levels; below that, Nifty Bank can move towards 31900/31600/31050.

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.