Nifty Bank Nifty Analysis for 21-25 March Week

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 Nifty is trading above that zone, bulls are strong. On the upside, Nifty has several resistances between the 17350-450 zone.

The 36300-37000 zone will decide the trend in Bank Nifty. Either side holding will give hints on the direction.

the nifty trend

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.

the bank nifty trend

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 a 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.