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Nifty Bank Nifty Trading Setup & Levels 04th June

The last analysis levels worked fine. 

Today Nifty and Bank Nifty Index first traded in the range. Both did the low near Intraday Gann square level, and after 13:00, both gave a breakout on the upside.

Our ‘Trend Square Method’ first gave a perfect signal that low for a day has formed. Then soon, it confirms the Buy entry too, near 13:40.

That’s the true strength of the original Gann square methods. Gann’s square method in the ‘Trend Square’ course is unique and pays well. 

Gann Square Method Nifty Intraday Chart
Gann Square Method Bank Nifty Intraday Chart

Nifty bulls need to hold the 15590-610 range to carry positive momentum. On the upper side, the 14750-770 zone will act as resistance.

And Bank Nifty bulls need to hold a 35350-35200 range to keep odds in their favor. On the upper side, the 35880-35990 zone will act as resistance.

Gann Square Method Nifty Chart

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 15720 to move towards 15760/15820/15890 levels.

On the lower side, the Gann support level is 15650; below that Index can move towards 15610/15450/15380.

Gann Square Method Bank Nifty Chart

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 35750 to move towards 35900/36200/36700.

On the lower side, the Gann support level is 35400; below that Bank Nifty Index can move towards 35250/34950/34450 levels.

Note: The above levels are for educational purposes only, not Buy/Sell advice.

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