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Nifty Bank Nifty Trading Plan for Weekly Expiry

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Today both indices opened down below the supports (15570/33050). That sets the bearish tone for the day, and as a result, both indices fall further and close in the red.

The bears have the upper hand until the Nifty is trading below the 15530-590 zone. After that, on the downside, 15380 is the support.

The Bank Nifty Index is weaker below the 33050-33200 zone. And to gain the bullish momentum, it needs the close above that. On the downside, 32700 & 32400 are the supports.

the Nifty bearish tone for the day

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 15480 to move towards 15520/15570/15630/15700.

On the lower side, the Gann support level is 15380; below that Index can move towards 15340/15290/15230/15160.

the Nifty Bank bearish tone for the day

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 33010 to move towards 33160/33360/33610.

On the lower side, the Gann support level is 32700; below that Bank Nifty Index can move towards 32550/32350/32100.

Note: The above levels are for educational purposes. Not a Buy/Sell advice.

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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.