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Nifty Bank Nifty Weekly Trading Plan 05-09 July

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Last week Nifty and Bank Nifty declined.

The decline was not much on close to close basis Nifty closed 138 points, and Bank Nifty closed 555 points lower.

Next week 15880 is the hurdle for Nifty bulls. Above that Index can reach 16105 levels.

Bank Nifty bulls need to hold the 34700-34800 zone to get the momentum back on their side.

Close to Close basis Nifty Weekly Analysis

Nifty Weekly Gann Levels

Next week, 05 & 07 July, are the Nifty Gann reversal dates.

Resistance is at 15880 levels. Above that, Index can move towards 15950/16040/16130.

Support is at 15730 levels; below that Nifty 50 Index can move towards 15660/15640/15560.

Bank Nifty Weekly Gann Levels

Next week, 28 & 30 June, are the Bank Nifty Gann reversal dates.

Resistant is at 35200 levels; above that Bank Nifty Index can move towards 35400/35700/36100.

Support is at 34800 levels; below that, Nifty Bank can move towards 34600/34300/33900.

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