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Nifty Bank Nifty Weekly Trading Plan 26-30 July

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Even after last week’s solid weekly closing, Nifty and Bank Nifty fell fiercely this week.

The higher time frame charts are not in favor of bulls. The 15500-16015 wide range will decide the further trend of the markets.

Bank Nifty has also reached a crucial stage on weekly charts, which suggests that it will soon give either side breakout. I post more on that in my daily market reports.

Nifty Weekly Gann Levels

Next week, 26 & 30 July, are the Nifty Gann reversal dates.

Resistance is at 15900 levels. Above that, Index can move towards 15940/16010/16110.

Support is at 15820 levels; below that Nifty 50 Index can move towards 15780/15710/15610.

Bank Nifty Weekly Gann Levels

Next week, 27 & 30 July, are the Bank Nifty Gann reversal dates.

Resistace is at 35100 levels; above that Bank Nifty Index can move towards 35250/35500/36050.

Support is at 34850 levels; below that, Nifty Bank can move towards 34700/34450/33900.

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.