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 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 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.