Both indices opened lower today, below the levels discussed in tomorrow’s analysis. However, Bank Nifty recovered quickly from the lower levels and closed near the day high. In comparison, Nifty recovered in the last hour but remained weak for the whole session.
Tomorrow, Nifty’s intraday trend will be decided by the 18120-130 zone, while the 17950-900 zone will act as support.
Bank Nifty’s 41700-41200 range is crucial. Any movement on either side will determine the market’s direction.
Nifty Intraday Gann levels
A break & hold above 18070 will help Nifty bulls move towards 18110/18160/18220/18290.
The Gann support level is 17970; below that, the Index can move toward 17930/17880/17820/17750.
Bank Nifty Gann levels
Bank Nifty bulls need to break & sustain above 41700 to move towards 41850/42050/42300.
On the lower side, the Gann support level is 41350; below that Bank Nifty Index can move towards 41200/41000/40750.
Note: The above levels are for educational purposes. Not Buy/Sell advice.