NIfty Bank Weekly expiry Gann analysis for 20th June

As we discussed in the previous blog, Nifty50 and Bank nifty technical analysis for 19th June above 30240  we may see 30600 and tody level is achieved.

Banknifty weekly expiry
Banknifty Spot Daily Chart
On Daily chart banknifty perfectly follow support resistance zone & 
Doji candle was made which sign of neither Bull nor Bear won the battle.

For positional, 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

Banknifty Gann Chart
Banknifty Gann Chart

As per Gann analysis banknifty has taken support on Gann angle.

If 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 20th June 

Buy above 30420  Target 30510 30600  30690 
Sell below  30240  Target 30159  30078  29997

Nifty Spot Intraday for 20th June 

Buy above 11718  Target  11763  11808 
Sell below  11646 Target   11610  11574

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