Last week again, both indices ended the week on a positive note. Nifty closed 400 and Bank Nifty 880 points higher on a close-to-close basis.
Next week, the 15750-700 zone will play an important role in deciding the Nifty Index trend. And on the upside, a sustainable move above 16050 will strengthen the bulls more.
For Bank Nifty, the 33700-800 zone will be crucial. And on the upside, a move above 34800 will strengthen the bulls more.
Nifty Weekly Gann levels
Next week, 27 & 29 June, are the Gann dates for the Nifty 50 Index.
Resistance: 15930. Above that, the Nifty 50 can trade higher and move towards 15980/16040/16110/16200 levels.
Support: 15750. Below that, the Nifty 50 can move lower towards 15700/15640/15570/15480 levels.
Bank Nifty Weekly Gann levels
Next week, 27 & 29 June, are the Bank Nifty Gann dates.
Resistance: 34300. Above that, the Bank Nifty Weekly trend can change, and it can start moving towards 34500/34800/35200/35700 levels.
Support: 33700. Below that level, Bank Nifty can start moving lower towards 33500/33200/32800/32300 levels.
Note: The above levels are only for study. Not Buy/Sell advice.