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Nifty Bank Nifty Trading Strategy for 16th June

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Updated On:

The last analysis levels worked fine. Nifty and Bank Nifty today opened the gap-up, and both hold the gains too.

Above 15820, bulls are in a strong position. They need to hold 15780-750 range to continue the momentum. The Index may face resistance near the 15950-960 levels on the higher side.

Bank Nifty must hold the 35100-34990 range to continue the momentum. On the higher side, 35500 will act as resistance.

Range to Continue the Momentum Nifty

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 15910 to move towards 15950/16010/16090 levels.

On the lower side, the Gann support level is 15820; below that Index can move towards 15780/15720/15640.

Range to Continue the Momentum Bank Nifty

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 35350 to move towards 35500/35750/36100.

On the lower side, the Gann support level is 35050 below that Bank Nifty Index can move towards 34900/34650/34300 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.