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Nifty Bank Nifty levels for May Expiry

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Today both indices opened gap-up. But again, bears dragged both indices down, and as a result, the Nifty closed in red and Bank Nifty flat.

The 15980 is a crucial support for tomorrow. And if the Nifty breaks and sustains below that, then it can fall further. On the higher side, the 16080-16100 zone is the resistance.

The 34100-34000 is an important support zone for the Bank Nifty bulls. And if it breaks and sustains below that zone, then it can decline more. And on the higher side, the 34500 & 34900 are the resistance.

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 16080 to move towards 16130/16190/16260/16340.

On the lower side, the Gann support level is 15980; below that Index can move towards 15930/15870/15800/15720.

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 34500 to move towards 34650/34850/35100.

On the lower side, the Gann support level is 34150; below that Bank Nifty Index can move towards 34000/33800/33550.

Note: The above levels are for educational purposes only, not 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.