Today, Nifty & Bank Nifty opened with a gap down. Then, after some consolidation, both extended the fall. And finally, around 12:20 PM, both made the low from which Bank Nifty jumped over 1000 & Nifty 300 points.
Bears have the upper hand until Nifty trades below the 17300-450 zone. Then, on the downside, the 17050-17010 zone is the support.
The 38230-300 is a crucial zone for the Bank Nifty. If the Index breaks & holds above that zone, it can move higher. On the upside, the 37900 & 37500 are the resistance.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 17130 to move towards 17170/17220/17280/17350.
On the lower side, the Gann support level is 17050; below that Index can move towards 17010/16960/16900/16830.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 38150 to move towards 38300/38500/38750.
On the lower side, the Gann support level is 37800; below that Bank Nifty Index can move towards 37650/37450/37200.
Note: The above levels are for educational purposes only, not Buy/Sell advice.
