Nifty Bank Nifty Analysis Ahead of FED Policy Outcome

Both indices today traded in a small range and closed flat. The markets are on pause ahead of the US Fed meet outcome.

The bears have the upper hand until the Nifty is below the 15840-850 zone. And, on the downside, the 15600 is the support. 

The Bank Nifty has to break and sustain above the 33800 level for a bounce back. And on the downside, the 33250-33000 zone is the support.

nifty ahead of the US Fed meet

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 15770 to move towards 15810/15860/15920/15990.

On the lower side, the Gann support level is 15670; below that Index can move towards 15630/15580/15520/15450.

NiftyBank ahead of the US Fed meet

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 33600 to move towards 33800/34050/34300.

On the lower side, the Gann support level is 33200; below that Bank Nifty Index can move towards 33000/32750/32500.

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

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.