We are pleased to announce the launch of our New website dedicated to WD Gann's work.

Trade Plan for 06 July: Indices Lost Intraday Gains & Closed in the Red

Published On:

Today both indices opened gap-up and then moved higher further. But around 12:00 am trend began to change, and then both indices gave up all the gains & closed in the red.

The 15700 is a crucial support for the Nifty. If it sustains below that, then it can fall further. And on the upside, the 15810-850 zone will act as the resistance.

The Bank Nifty needs a close above 34050 to rally further. And break and hold below 33700 will put more pressure on the downside.

nifty trend began to change

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 15780 to move towards 15830/15890/15960/16040.

On the lower side, the Gann support level is 15680; below that Index can move towards 15630/15570/15500/15420.

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 34050 to move towards 34200/34400/34650.

On the lower side, the Gann support level is 33700; below that Bank Nifty Index can move towards 33550/33350/33100.

Note: The above levels are for educational purposes. Not Buy/Sell advice.

Ready to look Deeper into WD Gann's Breakthrough work?

Subscribe now and elevate your understanding of WD Gann's techniques through our informative blog posts. Your path to learning begins here!

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.