We are pleased to announce the launch of our New website dedicated to WD Gann's work.

Nifty Bank Nifty Gann Analysis for 16th December

Published On:

The indices opened flat to down, then fell over 1% and closed in the red after breaking below the support points, which we discussed in yesterday’s analysis.

In tomorrow’s trading session, the 18450-460 zone may determine Nifty’s intraday trend: if the Index stays below that zone, then the bears will dominate, while the 18350 level will likely act as support.

Now that Bank Nifty has failed to hold the 44000-43950 zone, it may reach the 42900-700 zone, where it has major support. On the higher side, 43750-850 could act as resistance tomorrow.

nifty bears will dominate

Nifty Intraday Gann levels

A break & hold above 18460 will help Nifty bulls move towards 18500/18550/18610/18680.

The Gann support level is 18350; below that, the Index can move toward 18310/18260/18200/18130.

Bank nifty bears will dominate

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 43700 to move towards 43850/44050/44300.

On the lower side, the Gann support level is 43350; below that Bank Nifty Index can move towards 43200/43000/42750.

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

Ready to look Deeper into WD Gann's Breakthrough work?

Subscribe now and elevate your understanding of WD Gann's techniques through our informative blog posts. Your path to learning begins here!

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.