Today Nifty & Bank Nifty opened with a gap down and traded more down till 12:55 pm. Then both the Indices bounced over 1%, but still ended in the red.
For tomorrow’s session, Nifty bulls need to hold the 16560-540 zone to bounce back. On the upside, 16700 & 16900 are the resistance levels.
The Bank Nifty range is 34500-100. Either side breakout withholding will decide the trend for tomorrow’s session.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 16630 to move towards 16680/16740/16810/16890.
On the lower side, the Gann support level is 16540; below that Index can move towards 16490/16430/16360/16280.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 34500 to move towards 34700/35000/35400.
On the lower side, the Gann support level is 34100; below that Bank Nifty Index can move towards 33900/33600/33200.
Note: The above levels are for educational purposes only, not Buy/Sell advice.