Last week, Nifty and Bank Nifty bulls squeezed the bears like lemons.
Now next week the situation can change. The shorter-term time cycles can turn the trend in favor of bears. For the short-term at least.
Nifty Weekly Trading Levels
Next week 08 & 011 February, are the crucial Nifty Gann dates.
Resistant is at 14999 level. Above that, Index can move towards 15070/15150/15500.
Support is at 14860 levels; below that, the Nifty 50 Index can move towards 14790/14710/14350.
Nifty Bank Weekly Trading Levels
Next week 08 & 011 February are the crucial Bank Nifty Gann dates.
Resistant is at 35999 levels; above that, the Nifty Bank Index can move towards 36200/36500/37200.
Support is at 35499 levels; below that, the Bank Nifty Index can move towards 35300/35000/34300.
Note: The above levels are only for study. Not a Buy/Sell advice.
