Today both indices opened nearly 2% down. And after consolidation, both again moved lower and closed in the red.
The bears have the upper hand until the Nifty is below the 15840-850 zone. And, on the downside, the 15700 is the support.
The Bank Nifty has to break and sustain above the 33800 level for a bounce back. And on the downside, the 33250-33000 zone is the support.
Nifty Intraday Gann levels
Nifty bulls need to break & sustain above 15840 to move towards 15890/15950/16020/16100.
On the lower side, the Gann support level is 15740; below that Index can move towards 15690/15630/15560/15480.
Bank Nifty Intraday Gann levels
Bank Nifty bulls need to break & sustain above 33600 to move towards 33800/34050/34350.
On the lower side, the Gann support level is 33250; below that Bank Nifty Index can move towards 33050/32800/32500.
Note: The above levels are for educational purposes. Not Buy/Sell advice.