Nifty and BankNifty last week fell like a house of cards. Nifty 50 Index recovered the gains on Friday. But Bank Nifty failed and ended the week flat.
Next week above 15825-860 zone Index will gain more strength. And for sharp upward move Bank Index need to close above the 35500 levels.
Nifty Index Weekly Gann Levels
Next week, 15 & 18 June, are the Nifty Gann reversal dates.
Resistance is at 15860 levels. Above that, Index can move towards 15910/15970/16050.
Support is at 15720 levels; below that Nifty 50 Index can move towards 15670/15610/15530.
Bank Nifty Index Weekly Levels
Next week, 15 & 18 June, are the Bank Nifty Gann reversal dates.
Resistant is at 35500 levels; above that Bank Nifty Index can move towards 35750/36100/36600.
Support is at 34900 levels; below that, Nifty Bank can move towards 34650/34300/33800.
Note: The above levels are only for study. Not a Buy/Sell advice.
