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Nifty Bank Nifty Gann Analysis for 09th July

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Updated On:

Nifty Bank Nifty both ends in red and gave up gains of this week.

Tomorrow’s close is decisive for Bank Nifty.

If Bank Index close above the 35400-600 zone, we can expect higher levels next week. Else bears can pull it down again.

Nifty 15670-620 price range is crucial; below that, it can fall more. On the higher, 15880 is the major Gann resistance level.

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 15750 to move towards 15780/15820/15870 levels.

On the lower side, the Gann support level is 15690; below that Index can move towards 15660/15620/15570.

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 35400 to move towards 35550/35750/35990.

On the lower side, the Gann support level is 35090; below that Bank Nifty Index can move towards 34950/34750/34500. levels.

Note: The above levels are for educational purposes only, not Buy/Sell advice.

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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.