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Trade Plan for 05 July: Indices Rallied Sharply in the Last Hour

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Today both indices opened flat. Then after consolidation, both indices moved upwards and closed in the green. 

Nifty Bulls need to hold the 15810-800 zone to rally further. And on the upside, the 15900-910 zone will act as the resistance. 

The Bank Nifty bulls have to break & sustain above the 33950-34050 zone for further upside. And on the downside, 33600 will act as a support.  

Nifty indices moved upwards

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 15900 to move towards 15950/16010/16080/16160.

On the lower side, the Gann support level is 15800; below that Index can move towards 15750/15690/15620/15540.

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 34050 to move towards 34200/34400/34650.

On the lower side, the Gann support level is 33700; below that Bank Nifty Index can move towards 33550/33350/33100.

Note: The above levels are for educational purposes. 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.