Nifty Bank Nifty Analysis for 11-15 July Week

Last week, both indices ended the week on a positive note. Nifty closed 468 points higher, and Bank Nifty 1584 points higher on a close-to-close basis.

Next week, the 16280-300 zone will play an important role in deciding the Nifty Index trend. And on the downside, a sustainable move below the 16030-15980 zone will strengthen the bears.

For Bank Nifty, the 35150-300 zone will be crucial. And on the downside, a move below the 34700-600 zone will strengthen the bears.

Nifty Weekly Gann Angle Chart

Nifty Weekly Gann levels

Next week, 11 & 13 July, are the Gann dates for the Nifty 50 Index.

Resistance: 16300. Above that, Index can trade higher and move towards 16380/16470/16570/16700 levels.

Support: 16150. Below that, the Nifty 50 can move lower towards 16070/15980/15880/15750 levels.

Bank Nifty Weekly Gann levels

Bank Nifty Weekly Gann levels

Next week, 13 & 15 July, are the Bank Nifty Gann dates.

Resistance: 35300. Above that, the Bank Nifty Weekly trend can change, and it can start moving towards 35500/35800/36200/36700 levels.

Support: 34700. Below that level, Bank Nifty can move lower towards 34500/34200/33800/33300 levels.

Note: The above levels are only for study. Not 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.