Today, the Nifty opened with a gap and continues to trade higher. And Bank Nifty traded lower and ended mildly in the red.
The 18330-350 zone is a crucial resistance for the Nifty 50 Index. Hence, a further rally can happen only above that zone. On the downside, the 18260 & 18190 are the supports.
As expected, Bank Nifty meets strong resistance near the 38600-700 zone. Bulls need to be careful. The major support is at the 38070-37990 zone. And on the upside, the 38500-650 zone is the resistance.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 18330 to move towards 18360/18400/18450/18510.
On the lower side, the Gann support level is 18260; below that Index can move towards 18230/18190/18140/18080.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 38500 to move towards 38650/38850/39100.
On the lower side, the Gann support level is 38200; below that Bank Nifty Index can move towards 38050/37850/37600.
Note: The above levels are for educational purposes only, not Buy/Sell advice.
