Nifty Bank Nifty Analysis for Tuesday

Today, Nifty & Bank Nifty opened and gapped down. But within a few minutes, both the indices began to move higher and ended the session in green.

The Nifty needs to break and sustain above the 17140 level for further upside. On the downside, the 16980 is key support.

And Bank Nifty needs to break and sustain above the 35350 level. On the downside, the 34800 & 34450 are the supports.

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 17140 to move towards 17170/17210/17260/17320.

On the lower side, the Gann support level is 17060; below that Index can move towards 17030/16990/16940/16880.

Bank Nifty Index Gann Levels

Bank Nifty Index Gann Levels

Bank Nifty bulls need to break & sustain above 35150 to move towards 35300/35500/35750.

On the lower side, the Gann support level is 34800; below that Bank Nifty Index can move towards 34650/34450/34200.

Note: The above levels are for educational purposes only, not 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.