NIfty Bank Nifty forms Bullish Candle at Gann Support

As discussed in the last analysis, Bulls need to stay above 30420 for the target of 30600/30780/30960 and Bear will get active below 30240 for the target of 30078/29916/29754. 

Big Bullish candle forms after 27th May On Daily Chart. Now fresh buying may see above 30960 and fresh short may see below 30240. 

Bulls will get active above 30960  for the Target of 31158 / 31356

Bears will get active below 30600 for the target of 30420 / 30240

Banknifty Spot Vedic Support & Resistance Chart
Banknifty Spot  Daily Vedic Support & Resistance Chart


Banknifty Gann fan chart
Banknifty One Hour Gann fan Chart
we can see here support was taken at Gann 1/1 angle and shoots up.

As discussed in the last analysis "If Gann support is held then 31200 may see. If the support line break then it will move towards next Gann angle which is at 29800."

Banknifty Spot Intraday for 21st June 

Buy above  30870   Target 30960   31059   31158

Sell below  30600    Target 30510   30420   30330

Nifty Spot Intraday for 21st June 

Buy above 11853  Target  11898  11943

Sell below  11808 Target   11763  11718

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