We are pleased to announce the launch of our New website dedicated to WD Gann's work.

Nifty Bank Nifty Weekly Analysis: Will the Rally Continue?

Published On:

Updated On:

Last week both indices ended the week on a positive note. Nifty closed 86 points & Bank Nifty closed 1336 points higher on a close-to-close basis. 

Next week, the 16460-500 zone will play an important role in deciding the Nifty Index weekly trend. A close above 16500 will expand the chances of more upside. And on the downside, keep an eye on the 16300, a sustainable move below that level will again strengthen the bears

The 35850-950 zone will play a crucial role for Bank Nifty bulls. A close above 35950 will boost the chances of more upside. And on the downside, a sustainable move below the 35350-300 zone will again strengthen the bears. 

Nifty Weekly Gann levels

Next week, 30th May & 01st June, are the Gann dates for the Nifty 50 Index.

Resistance: 16500. Above that, the Nifty 50 can trade higher and move towards 16580/16670/16770/16900 levels.

Support: 16300. Below that, the Nifty 50 can move lower towards 16220/16130/16030/15900 levels.

Bank Nifty Weekly Gann levels

Next week, 30th May & 01st June, are the Bank Nifty Gann dates.

Resistance: 35950. Above that, the Bank Nifty Weekly trend can change, and it can start moving towards 36150/36450/36850/37350 levels.

Support: 35350. Below that, Bank Nifty can start moving lower towards 35150/34850/34450/33950 levels.

Note: The above levels are only for study. Not Buy/Sell advice.

Ready to look Deeper into WD Gann's Breakthrough work?

Subscribe now and elevate your understanding of WD Gann's techniques through our informative blog posts. Your path to learning begins here!

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.