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Nifty Bank Nifty Gann Analysis for 28th October

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Today both indices opened higher. But both failed to maintain their higher levels and soon slipped. Finally, however, both indices ended the session in green.

Tomorrow, Nifty’s intraday trend will be decided by the 17660-650 zone, while 17790 will act as resistance on the upside.

Bank Nifty’s 41600-41200 range is crucial. Any movement on either side will determine the market’s direction. And in case Bank Nifty breaks and sustains below 40900, it will become weaker and can move further down.

Nifty breaks Intraday Analysis

Nifty Intraday Gann levels

A break & hold above 17790 will help Nifty bulls move towards 17830/17880/17940/18010.

The Gann support level is 17690; below that, the Index can move toward 17650/17600/17540/17470.

Bank Nifty breaks Intraday Analysis

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 41550 to move towards 41700/41900/42150.

On the lower side, the Gann support level is 41200; below that Bank Nifty Index can move towards 41050/40850/40600.

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

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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.