Nifty Bank Nifty Analysis for 29 June

Today both indices opened with a gap down. But after consolidation, both indices reversed, moved upwards, and closed on a flat note. 

Nifty Bulls need to hold the 15750-700 zone to rally further. And on the upside, the 15910-930 zone will act as the resistance. 

The Bank Nifty bulls have to break & sustain above 33950 to regain the momentum back. And on the downside, 33500 will act as a support.  

nifty closed on a flat note

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 15910 to move towards 15950/16000/16060/16130.

On the lower side, the Gann support level is 15810; below that Index can move towards 15770/15720/15660/15590.

Nifty Bank closed on a flat note

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 33850 to move towards 34000/34200/34450.

On the lower side, the Gann support level is 33500; below that Bank Nifty Index can move towards 33350/33150/32900.

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.