Nifty and Bank Nifty both opened with a gap-up today. After some consolidation, Bank Nifty scaled upwards, But traded in range and ended in the red.
Nifty bulls need to hold the 17850 for continuing the upmove. On the upside, 17960 and 18060 are the resistance levels.
And Bank Nifty bulls need to hold the 39700 levels to rally further. On the upside, the 40150 is the Gann resistance level.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 17920 to move towards 17950/17990/18040/18100.
On the lower side, the Gann support level is 17850; below that Index can move towards 17820/17780/17730/17670.
Bank Nifty Intraday Levels
Bank Nifty bulls need to break & sustain above 40000 to move towards 40150/40350/40600.
On the lower side, the Gann support level is 39700; below that Bank Nifty Index can move towards 39550/39350/39100.
Note: The above levels are for educational purposes only, not Buy/Sell advice.