Bank Nifty Weekly View 5th-9th June

Last week was consolidation week for Bank nifty, short position was initiated below 23200 which made low of 23093 neither stoploss came nor target was hit, for next week rage of 23300-23463 will watched closely before next trending move


As per above price vibration chart close above 23463 can take bank nifty towards 23800 / 24200, bears will get chance only on close below 23100 for move towards 22750 / 22500


New time cycle has been started from 30th may, below i have also marked the past moves of this short term time cycle


7th june is Gann date for Bank Nifty, we can expect some volatility or we can see short term top or bottom over around this date


Bank Nifty Trend Changing Level 23463


Bank Nifty Weekly Trading Levels

Buy Above 23520

Target – 23670 / 23770 / 24120

Sell Below 23200

Target – 23050 / 22850 / 22500



. Kindly note above mention levels are for Nifty cash 

. Always trade with stop loss & book partial profit as 1st target reach or trail stop loss


Note: These are my personal trading views , before taking trade kindly consult your trading adviser & kindly see disclaimer 

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.