Last week, both indices ended up higher. Nifty rallied over 600 & Bank Nifty 2000 points on a close-to-close basis.
Next week, the 17160-150 zone will play an important role. Until the Nifty is trading above that zone, bulls are strong. On the upside, the Nifty has several resistances between the 17350-450 zone.
And the 36300-37000 zone will decide the trend in Bank Nifty Index. Either side holding will give hints on the direction.
Nifty Weekly Gann levels
Next week, 21 & 25 March, are the Gann date for the Nifty 50 Index.
Resistance: 17360. Above that, the Nifty 50 Weekly trend can change, and it can start moving towards 17430/17510/17600/17700 levels.
Support: 17150. Below that, the Nifty 50 can start moving lower towards 17080/17000/16910/16810levels.
Bank Nifty Weekly Gann levels
Next week, 21 & 24 March, are the Bank Nifty Gann dates.
Resistance: 36950. Above that, the Bank Nifty Weekly trend can change, and it can start moving towards 37150/37450/37850/38350 levels.
Support: 36300. Below that, Bank Nifty can start moving lower towards 36100/35800/35400/34900 levels.
Note: The above levels are only for study. Not Buy/Sell advice.
