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Nifty Bank Nifty Analysis for Wednesday, A Big-Bang Move is Around the corner

Nifty and Bank Nifty took the resistance from the gann levels discussed in yesterday’s report (18110 & 39550) and ended the session in the red.

For further upside, Nifty bulls need to break & hold above the 18110 levels. On the downside, 17980-940 is the support zone.

Bank Nifty bulls need to break & hold above the 39550-700 zone to move upside and come back in the positive trend. On the downside, 39100 level is the support.

Nifty took the resistance

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 18050 to move towards 18080/18120/18170/18230.

On the lower side, the Gann support level is 17970; below that Index can move towards 17940/17900/17850/17790.

Bank Nifty took the resistance

Bank Nifty Intraday Levels

Bank Nifty bulls need to break & sustain above 39550 to move towards 39700/39900/40150.

On the lower side, the Gann support level is 39250; below that Bank Nifty Index can move towards 39100/38900/38650.

Note: The above levels are for educational purposes only, not Buy/Sell advice.