Nifty Bank Nifty Trade Plan for Weekly Expiry

Nifty and Bank Nifty again closed with losses today. Yesterday discussed levels worked well. Both Indices did high near the resistance level and fell 1%.

Nifty is weaker below the 17990-18010 zone and can move back towards 17800/17600 levels. Bulls will get active only above the 17990-18010 zone.

Bank Nifty got 500 points bounced from the yesterday discussed support 37950. But Bank Nifty is still in weak zone and can fall more below the 37800 level. On the upside, 38300 is the resistance.

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 17930 to move towards 17960/18000/18050/18110.

On the lower side, the Gann support level is 17860; below that Index can move towards 17830/17790/17740/17680.

Bank Nifty is still in weak zone

Bank Nifty Intraday Levels

Bank Nifty bulls need to break & sustain above 38200 to move towards 38300/38500/38800.

On the lower side, the Gann support level is 37900; below that Bank Nifty Index can move towards 37800/37600/37300.

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.