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Nifty Bank Nifty Gann Analysis for 16th July

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Updated On:

Nifty Bank Nifty today closed above their earlier swing high (15900 & 35811).

Holding 35600 level. Bank Nifty today does the 1st target (36000), which we discussed in yesterday’s analysis. Now Bank Index bulls need to 36700-600 support zone for the rest of the targets (36200/36500).

Nifty bulls need to hold the 15870-855 zone to hold this bullish trend.

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 15900 to move towards 15870/15830/15780 levels.

On the lower side, the Gann support level is 15980; below that Index can move towards 16010/16050/16100.

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 36050 to move towards 36200/36400/36650.

On the lower side, the Gann support level is 35700; below that Bank Nifty Index can move towards 35550/35350/35100. levels.

Note: The above levels are for educational purposes only, not Buy/Sell advice.

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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.