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Bank Nifty Weekly Analysis 23-27 Dec

Published On:

Updated On:

The Bank Nifty ended the last week with 370 points gain. In the coming week, Bank Index is approaching the critical fixed time cycle period.

After making the low in Aug 2019, Bank Index has shown tremendous rise; and still, it is looking better to buy on dips, as larger time frames are suggesting so.

Bank Nifty Daily Chart Gann Angles

Bank Nifty Weekly Trading View

In the coming days, Bank Nifty bulls need to trade above 32550 for continuing the upside journey.

On the lower end, the 31980 is the Support to watch, below that we can see a dip towards 31800/31600 levels.

In the forthcoming week, 23rd & 26th Dec are the critical dates.

Bank Nifty Weekly Trading Levels

Next week 32475 will act as Resistance above which move towards 32600/32800/33300 can seen.

While Support is likely to come at, 32200 below that move towards 32075/31875/31375 can be seen

Note: Above mention Price projection & other Information are for educational purpose only.

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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.