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Nifty Bank Nifty Closed 3% higher, Will this Rally Sustain?

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Today Nifty & Bank Nifty both opened with a gap. Then after consolidation, both the indices again moved higher and ended the session with a 3% gain.

Nifty needs to hold the 17330-290 zone to maintain the bullishness. On the upside, 17430 & 17510 are the resistances.

The Bank Nifty range for tomorrow’s trading session is 37950-38300. Either side breakout withholding will decide the trend of the day.

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 17380 to move towards 17420/17470/17530/17600.

On the lower side, the Gann support level is 17290; below that Index can move towards 17250/17200/17140/17070.

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 38300 to move towards 38450/38650/38900.

On the lower side, the Gann support level is 37950; below that Bank Nifty Index can move towards 37800/37600/37350.

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.