Nifty Bank Nifty Analysis for Friday, A Big-Bang Move is Around the Corner

Nifty Bank Nifty ends lower today. Both the indices opened gapped up, then moved downwards, and then after consolidation, both moved lower.

Let’s discuss the important levels for tomorrow’s session, which will help us trade.

The 17280-250 is a crucial zone for Nifty. If Nifty breaks & sustains below that zone, it can fall towards 17170/17090 levels. And on the upside, 17350 & 17500 are the resistances.

Tomorrow the 37400-500 zone will play an important role in setting the Bank Nifty Intraday trend. Below the 37400-500 zone, Bank Nifty can fall towards 37200/36800 levels.

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Nifty Intraday trend

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 17350 to move towards 17380/17420/17470/17530.

On the lower side, the Gann support level is 17270; below that Index can move towards 17240/17200/17150/17090.

Bank Nifty Intraday trend

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 37800 to move towards 37950/38150/38400.

On the lower side, the Gann support level is 37450; below that Bank Nifty Index can move towards 37300/37100/36850.

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.