Nifty Bank Nifty Trade Setup for April 27

Today, both indices opened with a gap-up. Then after consolidation, the Nifty moved more up, but Bank Nifty struggled. And finally, both indexes closed in green with a nearly 1% gain. 

Now Nifty bulls need to hold the 17080 level for further upside. And if they fail to do so, Nifty can re-visit 16900 levels. On the higher side, the 17240-250 zone can act as resistance.

Bank Nifty managed to close above the 36400, so now bulls need to hold 36250 for further upside. And if they fail to do so, Bank Index can re-visit 35900/35500 levels.

nifty jumped 200 points

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 17240 to move towards 17280/17330/17390/17460.

On the lower side, the Gann support level is 17160; below that Index can move towards 17120/17070/17010/16940.

Bank Nifty struggled

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 36600 to move towards 36750/36950/37200.

On the lower side, the Gann support level is 36250; below that Bank Nifty Index can move towards 36100/35900/35650.

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.