Last week Nifty and Bank ended the week on a positive note. And both Indexes also closed above their earlier swing high (15915 & 35811), a bullish signal. Any dips near support zones can be used as buying opportunities with stop-loss.
After many attempts, Bank Nifty gave the weekly close above 35600. Next week, Bank Index bulls need to hold a 35400-330 support range to hold this positive momentum.
And Nifty 50 Index has to hold the 15850-830 zone to hold this bullish trend.
Nifty Weekly Gann Levels
Next week, 19 & 23 July, are the Nifty Gann reversal dates.
Resistance is at 15980 levels. Above that, Index can move towards 16030/16090/16160.
Support is at 15830 levels; below that Nifty 50 Index can move towards 15780/15720/15650.
Bank Nifty Weekly Gann Levels
Next week, 19 & 23 July, are the Bank Nifty Gann reversal dates.
Resistant is at 36050 levels; above that Bank Nifty Index can move towards 36200/36500/37100.
Support is at 35400 levels; below that, Nifty Bank can move towards 35250/34950/34350.
Note: The above levels are only for study. Not a Buy/Sell advice.
