Last week again, both indices ended the week on a negative note. Nifty closed 900 and Bank Nifty 1700 points down on a close-to-close basis.
Next week, the 15370-430 zone will play an important role in deciding the Nifty Index trend. And on the downside, a move below 15150 can push the index towards lower levels.
For Bank Nifty, the 33100-33300 zone will be crucial. A sustainable above that will strengthen the bulls. And on the downside, the 32400 is the support.
Nifty Weekly Gann levels
Next week, 21 & 23 June, are the Gann dates for the Nifty 50 Index.
Resistance: 15430. Above that, the Nifty 50 can trade higher and move towards 15510/15620/15720/15900 levels.
Support: 15150. Below that, the Nifty 50 can move lower towards 15070/14980/14880/14700 levels.
Bank Nifty Weekly Gann levels
Next week, 20 & 23 June, are the Bank Nifty Gann dates.
Resistance: 32950. Above that, the Bank Nifty Weekly trend can change, and it can start moving towards 33200/33500/33900/34400 levels.
Support: 32400. Below that level, Bank Nifty can start moving lower towards 32150/31850/31450/30900 levels.
Note: The above levels are only for study. Not Buy/Sell advice.