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Nifty Bank Nifty Analysis for 29th November

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Today both indices opened down, but soon both recovered from the SOC Support level, and then both bounced higher and closed in the green.

Nifty’s intraday trend tomorrow will be determined by the 18620 level, while 18520 can act as significant support on the downside.

The Bank Nifty range for tomorrow’s intraday session is 43300-42900. The breakout withholding by either side will determine the day’s trend for Bank Nifty intraday traders.

Nifty range for

Nifty Intraday Gann levels

A break & hold above 18620 will help Nifty bulls move towards 18660/18710/18770/18840.

The Gann support level is 18520; below that, the Index can move toward 18480/18430/18370/18300.

Bank Nifty range for

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 43200 to move towards 43350/43550/43800.

On the lower side, the Gann support level is 42900; below that Bank Nifty Index can move towards 42750/42550/42300.

Note: The above levels are for educational purposes. 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.