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

Weekly Gann Analysis: Can Bulls Bounce Back?

Published On:

Updated On:

Last week both indices traded on the sides. First up, then down & then again went up. And in the end, both indices closed flat on a close-to-close basis. 

Next week, the 16470-500 zone will play an important role in deciding the Nifty Index weekly trend. And on the upside, keep an eye on the 16640-670 zone. A sustainable above that will again strengthen the bulls. 

The Bank Nifty has many supports between the 35200-34900 zone. So, bulls have to hold that area to rally again. And on the upside, a sustainable move above the 35500-600 zone will again strengthen the bulls

Nifty Weekly Gann levels

Next week, 06 & 09 June, are the Gann dates for the Nifty 50 Index.

Resistance: 16670. Above that, the Nifty 50 can trade higher and move towards 16750/16840/16950/17100 levels.

Support: 16470. Below that, the Nifty 50 can move lower towards 16390/16300/16190/16040 levels.

Bank Nifty Weekly Gann levels

Next week, 06 & 08 June, are the Bank Nifty Gann dates.

Resistance: 35600. Above that, the Bank Nifty Weekly trend can change, and it can start moving towards 35800/36100/36500/37000 levels.

Support: 35100. Below that, Bank Nifty can start moving lower towards 34900/34600/34200/33700 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.