We are pleased to announce the launch of our New website dedicated to WD Gann's work.

Nifty Bank Nifty Analysis After Budget

Published On:

Updated On:

Today, Nifty & Bank Nifty opened with an over 1% gap. Then, both the indices moved down and made the low around the support levels (17200/37500) discussed in yesterday’s analysis. Both continued their upward trend from that low and ended the session in the green.

Until Nifty is trading above the 17450-400 range, bulls are strong and can take Nifty towards 17750/18000 levels. On the upside, the 17625-640 zone can act as resistance.

The Bank Nifty can advance towards 38900/39200 levels. Until trading above the 38200-38100 range. On the upside, the 38600-650 zone can act as resistance.

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 17625 to move towards 17665/17715/17775/17850.

On the lower side, the Gann support level is 17540; below that Index can move towards 17500/17450/17490/17420.

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 38650 to move towards 38800/39000/39250.

On the lower side, the Gann support level is 38400; below that Bank Nifty Index can move towards 38250/38050/37800.

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

Ready to look Deeper into WD Gann's Breakthrough work?

Subscribe now and elevate your understanding of WD Gann's techniques through our informative blog posts. Your path to learning begins here!

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.