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Trade Set up for Wednesday: Nifty Bank Nifty Intraday Levels

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Bank Nifty ended in the green today, but Nifty ends in red.

The Nifty 50 Index fell from the last 15915 swing high. But Bank Nifty performed well.
It made the high around 35800 levels after crossing the 35400 resistance level, which we discussed yesterday.

It’s the fourth time Nifty is struggling to close above 15880 levels. That’s the critical Gann level. A close above 15880 will add more strength to this upside trend. On the downside, 15770-760 price zone is the major support area.

Bank Nifty is doing well and needs to hold a 35200-100 price zone to hold this upside trend.

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 15860 to move towards 15890/15930/15980 levels.

On the lower side, the Gann support level is 15800; below that Index can move towards 15770/15730/15680.

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 35750 to move towards 35900/36100/36400.

On the lower side, the Gann support level is 35500; below that Bank Nifty Index can move towards 35350/35150/34850 levels.

Note: The above levels are for educational purposes only, not Buy/Sell advice.

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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.