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Nifty Bank Nifty Gann Analysis for 30 July

Nifty and Bank Nifty both end in green. Both closed near (below) their resistance levels, which we discussed in yesterday’s analysis.

Nifty and Bank Nifty Price action suggests a big move is around the corner.

Nifty bulls need to hold the 15730-700 zone to continue this uptrend from 15513 low. On the higher side, the 15840-50 zone is the resistance.

Above 35340-500 zone, Bank Nifty bulls are strong. If Bank Index didn’t hold this 35340-500 zone, then the short-to-medium-term trend may turn bearish. On the higher side, the 34850-990 zone is the resistance.

Nifty and Bank Nifty Price action

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 15840 to move towards 15880/15930/15990 levels.

On the lower side, the Gann support level is 15760; below that Index can move towards 15720/15670/15610.

Nifty and Bank Nifty Price action

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 34850 to move towards 34950/35150/35450.

On the lower side, the Gann support level is 34500; below that Bank Nifty Index can move towards 34360/34100/33800 levels.

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