Last week, Nifty and Bank Nifty ended the week in the red.
Next week. If Nifty breaks and holds below 17680, it can trade lower. On the upside, 17840 and 17970 are the important Gann resistance levels.
Bank Nifty is trading near the Gann time cycle zone, which can trigger some change in the trend of the Bank Index.
Next week. If Bank Nifty holds the 37800-37500 Gann support zone, it can bounce towards 38300/38700/39250 levels. On the upside, 38300 is the resistance.
Nifty Weekly Gann Levels
Next week, 23 & 25 November, are the Gann date for the Nifty 50 Index.
Resistance is at 17840 levels. Above that, Index can move towards 17900/17970/18050/18140.
Support is at 17680 levels; below that Nifty 50 Index can move towards 17620/17550/17470/17380.
Bank Nifty Weekly Gann Levels
Next week, 22 & 25 November, are the Bank Nifty Gann date.
Resistant is at 38300 levels; above that, Bank Nifty Index can move towards 38500/39800/39200/39700.
Support is at 37700 levels; below that, Nifty Bank can move towards 37500/37200/36800/36300.
Note: The above levels are only for study. Not a Buy/Sell advice.
