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Nifty Bank Nifty Analysis for 04-09July Week: Will JULY Month Favor Bulls?

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Last week, both indices ended the week on a flat note. Nifty closed 52 points higher and Bank Nifty 88 points lower on a close-to-close basis.

Next week, the 15880-910 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.

For Bank Nifty, the 33700-800 zone will be crucial. And on the upside, a move above 34300 will strengthen the bulls more.

Gann dates for the Nifty 50 Index

Nifty Weekly Gann levels

Next week, 04 & 06 July, are the Gann dates for the Nifty 50 Index.

Resistance: 15910. Above that, the Nifty 50 can trade higher and move towards 15970/16050/16140/16240 levels.

Support: 15700. Below that, the Nifty 50 can move lower towards 15630/15550/15460/15360 levels.

Gann dates for the Bank Nifty

Bank Nifty Weekly Gann levels

Next week, 04 & 06 July, are the Bank Nifty Gann dates.

Resistance: 33800. Above that, the Bank Nifty Weekly trend can change, and it can start moving towards 34000/34300/34700/35200 levels.

Support: 33200. Below that level, Bank Nifty can start moving lower towards 33000/32800/32400/31900 levels.

Note: The above levels are only for study. 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.