On a weekly basis, the Nifty closed 523 points higher last week, and the Bank Nifty closed 1124 points higher.
Next week’s Nifty trend will depend on the 19240 level. Bears will have an advantage if they break and remain below the 18990 Gann price level.
For Bank Nifty, the 44900-45100 range is crucial. Any sustained rise above the 45100 level will strengthen the Bulls. On the downside, 44400 is a critical support level.
Weekly Gann Levels for the Nifty
The 03rd of July is a critical Gann date for Nifty.
A break and hold above the 19240 resistance level could take the Nifty 50 Index higher toward 19350/18460/19660.
Gann support at the lower end is 18990. If the Index holds below that, it may decline toward 18880/18770/18600.
Weekly Gann Levels for Bank Nifty
The 03rd of July is a critical Gann date for the Nifty Bank Index.
A break and hold above the 45100 resistance level could lift the Bank Nifty Index towards the 45600/46100/46700 levels.
Bank Nifty Gann support at the lower end is at 44400. If the Bank Nifty breaks and holds below that level, it could decline toward the 44100/43600/43800 levels.
Note: The above levels are for educational purposes. Not Buy/Sell advice.
