Today both indices opened higher. But soon, both gave back all the gains, moved downwards, and closed in the red.
Tomorrow, Nifty’s intraday trend will be decided by the 18040-17990 zone, while 18120 will act as resistance.
Bank Nifty’s 41300-40900 range is crucial. Any movement on either side will determine the market’s direction. And in case Bank Nifty breaks and sustains below 40800, then it will become weaker and can move further down.
Nifty Intraday Gann levels
A break & hold above 18090 will help Nifty bulls move towards 18130/18180/18240/18310.
The Gann support level is 17990; below that, the Index can move toward 17950/17900/17840/17770.
Bank Nifty Gann levels
Bank Nifty bulls need to break & sustain above 41300 to move towards 41500/41750/42050.
On the lower side, the Gann support level is 40900; below that Bank Nifty Index can move towards 40700/40450/40150.
Note: The above levels are for educational purposes. Not Buy/Sell advice.