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Nifty Bank Nifty Weekly Gann Trading Levels 07-11 Dec

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A quick note: I was not well for the past couple of weeks. That’s why I couldn’t post here. If you’ve been following me on social media, you might have noticed that I’ve been away. Thanks for your emails and warm wishes.

Nifty 50 Index is approaching a vital time cycle point in the coming week.  

A similar cycle in September month 1st pulled the market down. Then significant bottom formed from where the market is up 2200 points.  

The fixed time cycle points are too due in the next week.  

If not major, then the minor fall/pullback from current levels can happen. A bit sign of relief for bears on the card.  

Nifty Weekly Angle Chart

Nifty 50 Index Weekly Analysis

Next week 08 & 10th December is the critical Gann dates.  

Next week 13310 will act as Resistant. Above that Index can advance towards 13360/13430/13580 levels.  

The 13170 will act as support. Below that Index can move towards 13120/13050/12900 levels.  

Bank Nifty Weekly Chart

Bank Nifty Index Weekly Analysis

Next week 08 & 10th December, is the critical Gann dates.  

Next week 30200 will act as Resistant. Above that, the Gann level Bank Nifty Index can advance towards 30350/30600/31050 levels. 

The 29700 will act as support. Below that Bank Nifty Index can shift towards 29550/29300/28850 levels. 

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.