Nifty Bank Nifty Recover Smartly, Can They Sustain Above 17400 & 36900?

Nifty and Bank Nifty opened with a gap down. But within a few minutes, both made the low and jumped higher. And finally, after 5 trading sessions, both ended in the green.

Till Nifty is trading below the 17490-550 zone, bears have the upper hand. On the downside, the 17420-400 zone is the support.

Below 37300-600 zone Bank Nifty is weaker and can fall more if soon it doesn’t trade above that zone. On the downside, 36900 is the support.

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 17540 to move towards 17580/17630/17690/17760.

On the lower side, the Gann support level is 17460; below that Index can move towards 17420/17370/17310/17240.

Bank Nifty is Weaker and can Fall more

Bank Nifty Intraday Levels

Bank Nifty bulls need to break & sustain above 37350 to move towards 37550/37800/38100.

On the lower side, the Gann support level is 37100; below that Bank Nifty Index can move towards 36900/36650/36350.

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.