Nifty50 & Nifty Bank Weekly analysis for 15th - 18th July

Banknifty Gann analysis :

Banknifty Gann analysis
Banknifty Gann Chart 

Banknifty reverts back from the Resistance 30866 and closes at 30600.

Gann Support Spot: 30500 & 29800

Gann Resistance Spot: 30866

Banknifty Candlestick analysis :

Banknifty Candlestick Chart
Banknifty Candlestick Chart

After Sharp fall Banknifty moving in sideways channel. Break of the channel may see 500 points move. 

Banknifty Spot Intraday Levels for 15th July.

Buy above 30690 Target  30780 30870 30960

Sell below 30510 Target  30420 30330 30240


Nifty50  Hourly Candlestick Chart analysis :

Nifty50 One Hour Chart

As Discussed,

Nifty50 has made a Doji Candle on the Hourly Chart. High of the Doji is 11600.
For the Next upmove, it needs to close above the high of the Doji 11600 otherwise may see 11500.

Nifty Range: 11500 - 11650 moving in sideways.

200 points move may see below 11500 or above 11650.

Nifty50 Spot Intraday Levels for 15th July.


Support 11538  11502 11466

Resistance 11610  11646  11682


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