Trade Set up for Tuesday: Nifty Bank Nifty Intraday Levels

Nifty continued its rally, but Bank Nifty moved downwards.

The 17410-425 is a crucial zone (which I had mentioned in my weekly post) where Nifty can resist, and today’s high is around 17429.

If Nifty fails to break & sustain above the 17429 levels, then a pullback can happen. On the downside, 17340-290 is the important support zone.

Bank Nifty is struggling to sustain above 36900-37100 zone, a strong Gann resistance zone. A close above that zone will give more force towards the upside.

If Bank Index fails to sustain above the 36900-37100 zone, then it can revisit 36200/35900 levels on the downside.

Nifty Intraday Levels

Nifty bulls need to break & sustain above 17400 to move towards 17440/17490/17550 levels.

On the lower side, the Gann support level is 17340; below that Index can move towards 17300/17250/17190.

Bank Nifty Intraday Levels

Bank Nifty bulls need to break & sustain above 36900 to move towards 37050/37250/37500.

On the lower side, the Gann support level is 36500; below that Bank Nifty Index can move towards 36250/35950/35650 levels.

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.