Nifty Bank Nifty Weekly Expiry: Can Markets Rise Further?

1 June 2022

Last Updated: 4 July 2022

Today both indices opened gap-up. Then both faced resistance from the Gann square level and gave up all the opening gains.

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, 16600 & 16700 are the resistances.

The Bank Nifty range is 35700-35200. Either side break withholding will decide the trend of tomorrow’s expiry.

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 16600 to move towards 16640/16690/16750/16820.

On the lower side, the Gann support level is 16500; below that Index can move towards 16460/16410/15350/15280.

the trend of tomorrow's expiry bank nifty

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 35800 to move towards 35950/36150/36400.

On the lower side, the Gann support level is 35450; below that Bank Nifty Index can move towards 35300/35100/34850.

Note: The above levels are for educational purposes only, not Buy/Sell advice.

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.

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