Sign Up to Receive Latest Market Reports & Articles In Your Inbox.

Time Cycles Analysis for Nifty Bank Nifty Index

Last week above 11310 Gann Resistance level; bulls did the high of 11373 completed the 1st target on the upside.

Later in the week on Friday, Bull-To-Bear Game In The Nifty Index in trend happened; and Index bulls gave up all the gains. The market ended the week with 36 points loss.

The next week multiple ‘Time Cycles’ will complete their significant timing point. The ‘Anniversary Time Cycles’ date is also ending in the coming week; I expect we can see volatile movements for the next couple of sessions.

In the coming week, 19 & 21 August are the Important Gann dates.

Nifty weekly angle chart

Nifty Weekly Trading Levels

Next week 11260 will act as Resistance; above that, 11310/11390/11530 levels can come.

The 11090 will act as Support; below that, 11040/10960/10820 levels can be seen.


Bank Nifty Weekly Analysis

Last week above 22000 Gann Resistance level, bulls did the high of 22439 hits more than the 2nd target. The market ended the week with 75 points loss.

In the coming week, 18 & 21 August are the Important Gann dates.

01082020 Bank Nifty Angle Chart

Bank Nifty Weekly Trading Levels

Next week 22000 will act as Resistance; above that, 22120/22320/22620 levels can come.

The 21500 will act as Support; below that, 21380/21200/20900 levels can be seen.

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