Nifty Bank Nifty Trading Levels for 18-22 April Week

Last week both indices ended the week on a negative note. The Nifty ended 300 and Bank Nifty 350 points lower on a close to close basis. 

Next week, the 17500-570 zone will play an important role in deciding the Nifty weekly trend. On the downside, a move below the 17300-280 zone will strengthen the bears. 

The Bank Nifty bulls need to hold the 37100 zone for a bounce-back. On the upside, 37700 will act as a strong resistance. 

Nifty Weekly trend

Nifty Weekly Gann levels

Next week, 18 & 22 April, are the Gann dates for the Nifty 50 Index.

Resistance: 17510. Above that, the Nifty 50 Weekly trend can change, and it can start moving towards 17560/17620/17690/17770 levels.

Support: 17380. Below that, the Nifty 50 can start moving lower towards 17330/17270/17200/17120 levels.

the Bank Nifty Weekly trend

Bank Nifty Weekly Gann levels

Next week, 18 & 22 April, are the Bank Nifty Gann dates.

Resistance: 37700. Above that, the Bank Nifty Weekly trend can change, and it can start moving towards 37900/38200/38600/39100 levels.

Support: 37100. Below that, Bank Nifty can start moving lower towards 36900/3660036200/35700 levels.

Note: The above levels are only for study. Not Buy/Sell advice.

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.