Nifty Bank Nifty Trading Plan 09th June

The last Analysis levels worked well. Today again, both Indices traded in a narrow (small) range.

Nifty 50 Index levels are the same; 14750-770 zone will act as resistance, and 15700-680 zone will act as support

And Bank Nifty levels have changed. Today close below 35300 is a bit negative. Now 35300-35500 range will act as resistance, and the 34950 levels will act as support.

Nifty 50 Index levels

Nifty 50 Index Levels

Nifty bulls need to break & sustain above 15780 to move towards 15820/15870/15940 levels.

On the lower side, the Gann support level is 15710; below that Index can move towards 15670/15620/15550.

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 35250 to move towards 35450/35750/36150.

On the lower side, the Gann support level is 34950; below that Bank Nifty Index can move towards 34750/34450/34050 levels.

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

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.