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Nifty BankNifty Gann Analysis for 24 June

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Today both indices opened gap-up and then continued to move higher. But around 11:30 am, both indices faced resistance at the Gann Square level, and from there, both started falling and gave up all the gains. Then around 1:00 am, both indexes took the support from the Gann square level and moved higher. Overall it was a highly volatile session, and both indexes managed to close in the green. 

Nifty Bulls need to hold the 15490-510 zone to maintain today’s positive move. And on the upside, 15650 will act as the resistance

The Bank Index is weaker below the 33050-33200 zone. And to gain the bullish momentum, it needs the close above that. On the downside, 33000 & 32700 are the supports.

Nifty 50 Index resistance at the Gann Square level

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 15610 to move towards 15650/15700/15760/15830.

On the lower side, the Gann support level is 15510; below that Index can move towards 15470/15420/15360/15290.

Nifty Bank Faced resistance at the Gann Square level

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 33300 to move towards 33450/33650/33900.

On the lower side, the Gann support level is 32990; below that Bank Nifty Index can move towards 32850/32650/32400.

Note: The above levels are for educational purposes. Not a 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.