Nifty Bank Nifty Weekly Trading Plan 19-23 July

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.

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.