Nifty Bank Nifty Gann Analysis for Tuesday Trading Session

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 range is 34500-100

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.

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.