We are pleased to announce the launch of our New website dedicated to WD Gann's work.

Nifty Bank Nifty Gann Levels for 06 August

Published On:

Updated On:

Nifty and Bank Nifty today traded as per the levels which we discussed in yesterday’s report.

Both Nifty and Bank Nifty have made the high, near crucial Gann levels, working as the resistance. And as per Gann time theory, tomorrow (06 August) and Monday (09 August) are important dates. So, we may see a pullback in the present uptrend

Below the 16230-210 zone, Nifty can see some pullback. On the higher side, the 16335-355 zone is the resistance.

Bank Nifty below 35700-600 zone can fall more 500-600 points. On the higher side, the 36250-300 zone is the resistance.

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 16310 to move towards 16350/16400/16460 levels.

On the lower side, the Gann support level is 16250; below that Index can move towards 16210/16160/16070.

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 36010 to move towards 36150/36350/36600.

On the lower side, the Gann support level is 35700; below that Bank Nifty Index can move towards 35550/35350/35050 levels.

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

Ready to look Deeper into WD Gann's Breakthrough work?

Subscribe now and elevate your understanding of WD Gann's techniques through our informative blog posts. Your path to learning begins here!

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.