Last week both indices opened with a gap-up and made the high near the Gann square level. Then from the high point, both traded lower for the rest of the week. But still, both ended the week in green.
Next week, the 17700-650 zone will play an important role in deciding the Nifty 50 Index weekly trend. On the upside, a move above the 17860-910 zone will strengthen the bulls.
The Bank Nifty bulls need to hold the 37700-600 zone for further upside. On the upside, 37900-38100 will act as a strong resistance.
Nifty Weekly Gann levels
Next week, 13 April, is the Gann date for the Nifty 50 Index.
Resistance: 17910. Above that, the Nifty 50 Weekly trend can change, and it can start moving towards 17960/18020/18090/18170 levels.
Support: 17770. Below that, the Nifty 50 can start moving lower towards 17720/17660/17590/17510 levels.
Bank Nifty Weekly Gann levels
Next week, 12 April, is the Bank Nifty Gann date.
Resistance: 38100. Above that, the Bank Nifty Weekly trend can change, and it can start moving towards 38300/38600/39000/39500levels.
Support: 37600. Below that, Bank Nifty can start moving lower towards 37400/37100/36700/36200 levels.
Note: The above levels are only for study. Not Buy/Sell advice.
