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Nifty Bank Nifty Trading Strategy for 15-18 Nov Week

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Last week, Nifty ended the week on a positive note. But Bank Nifty ended the week in the red.

Next week, if Nifty breaks and holds above the resistance zone 18223-240, it can trade higher. On the downside, 18100 is the support.

The 38900-39250 is a crucial resistance zone for the Bank Nifty. If Bank Index breaks and sustains above that, it can move towards 39500/39900/40500 levels. On the downside, 38300 and 37900 are the support levels.

Nifty Weekly Gann Levels

Next week, 16 November, is the Gann date for the Nifty 50 Index.

Resistance is at 18240 levels. Above that, Index can move towards 18280/18330/18390/18460.

Support is at 18100 levels; below that Nifty 50 Index can move towards 18060/18010/17950/17880.

Bank Nifty Weekly Gann Levels

Next week, 16 November, is the Bank Nifty Gann date.

Resistant is at 38900 levels; above that, Bank Nifty Index can move towards 39100/39400/39800/40300.

Support is at 38300 levels; below that, Nifty Bank can move towards 38100/37800/37400/36900.

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.