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Nifty Bank Nifty Trade Setup for Wednesday

Nifty and Bank Nifty ends in red today. Nifty below 15840 is weak, and we discussed that in yesterday’s post. Both Nifty and Bank Nifty have closed just below their support zone.

To gain the momentum back. Bank Index bulls need to break and sustain above 35200-250 price zone. Above that price zone, 35600 is the next big hurdle.

Nifty is weaker below the 15750-770 price zone. The next decisive price zone is 15690-75. On the higher side, 15790/860/920 levels are the hurdles for bulls.

Nifty 50 Index Bulls need to Break

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 15799 to move towards 15830/15880/15950 levels.

On the lower side, the Gann support level is 15710; below that Index can move towards 15680/15630/15560.

Bank Index Bulls need to Break

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 35250 to move towards 35400/35600/35900.

On the lower side, the Gann support level is 34900; below that Bank Nifty Index can move towards 34750/34550/34250 levels.

Note: The above levels are for educational purposes only, not Buy/Sell advice.