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Nifty Bank Nifty Gann Analysis for 03 June

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Today both indices opened a gap down. But soon, both jumped back higher. And Nifty closed in the green and Bank Nifty flat.

Until the Nifty is holding the 16450 (on a closing basis), the bulls are in a strong position and can take the index towards 16950 levels. On the higher side, 16700 is the resistance. 

The Bank Nifty has made the base. And now it needs to break & sustain above 35850 for a move towards 36100 & 36400. On the lower side, 35200 is the support.

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 16670 to move towards 16710/16760/16820/16890.

On the lower side, the Gann support level is 16590; below that Index can move towards 16550/16500/15440/15370.

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 35850 to move towards 36000/36200/36450.

On the lower side, the Gann support level is 35500; below that Bank Nifty Index can move towards 35350/35150/34900.

Note: The above levels are for educational purposes only, 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.