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Nifty Bank Nifty Trade Setup for 11th June

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Today Nifty and Bank Nifty bounced back. Yesterday both did Gann Price Time Squaring. Now odds are shifting back in favor of bulls.

Soon after opening ‘Hook Timing Method’ gave Buy-side trade signal. That is the worth of true Gann methods.

Hook timing method Nifty Intrday Chart
Hook timing method Bank Nifty Intraday Chart

A weekly close above 35500 will add more strength to Bank Index current rally from 30405 low. And support is at 35000-34900 range.

Above 15680 levels, bulls are in a safe position. On the higher side, 15800-825 will act as resistance.

Price Time Squaring Gann Method Nifty 50 Index Chart

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 15780 to move towards 15820/15880/15960 levels.

On the lower side, the Gann support level is 15710; below that Index can move towards 15670/15610/15530.

Price Time Squaring Gann Method Bank Nifty Chart

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 35300 to move towards 35450/35700/36100.

On the lower side, the Gann support level is 34990 below that Bank Nifty Index can move towards 34800/34550/34200 levels.

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.