Nifty Bank Nifty Trade Set up for 22 June

Today both indices opened gap-up, then after breaking the resistances (15477/32990), both indices rallied over 1.50% and closed the day on a positive note.

To rally further, the Nifty must hold the 15570-550 zone. On the upside, 15700 is the resistance.

Bank Nifty bulls have to hold the 32850-33050 zone for further rally. On the upside, 33300 & 33900 are the resistances.

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 15660 to move towards 15710/15770/15850/15930.

On the lower side, the Gann support level is 15570; below that Index can move towards 15520/15460/15390/15310.

both indices rallied over 1.50% BankNifty

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 33400 to move towards 33550/33750/34000.

On the lower side, the Gann support level is 33050; below that Bank Nifty Index can move towards 32900/32700/32450.

Note: The above levels are for educational purposes. Not a 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.