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Nifty Bank Nifty Weekly Trading Plan 31 May-04 June

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Last week Nifty and Bank Nifty both the Index’s moved upward.

Is dip coming? Yes, the chances are higher as both Indices are trading near multiple Gann price time levels. On top of that, various Gann time cycles are to finishing their period.

But remember, on larger time frames, bulls are in control. So, we can only expect a dip, not a fall or crash.

Gann Time Cycles Nifty 50 Index

Nifty Weekly Gann Levels

Next week, 31 May & 02 June, are the Nifty 50 Index Gann reversal dates.

Resistance is at 15510 levels. Above that, Index can move towards 14560/15620/14690.

Support is at 15370 levels; below that Nifty 50 Index can move towards 15320/15260/15190.

Gann Time Cycles Bank Nifty Index

Bank Nifty Weekly Gann Levels

Next week, 31 May & 02 June, are the Bank Nifty Index Gann reversal dates.

Resistant is at 35550 levels; above that Bank Nifty Index can move towards 35800/36200/36800.

Support is at 34950 levels; below that, Nifty Bank can move towards 34700/34300/33700.

Note: The above levels are only for study. Not a 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.