Nifty Bank Nifty Gann Analysis for 22 April

Today, both indices opened with the gap up. Then after consolidation, both indices moved higher and ended the session with 1.50% gains.

Above 17200-240 zone bulls have rallied 200 points. Now bulls need to protect the 17200 level for further upside. On the higher side, the 17495-530 zone can act as a hurdle. 

Bank Nifty has also done a target of 36800, which we have been discussing for the past few days. So now, Bank Nifty bulls need to hold the 36600-36480 zone to move towards 37100/37500 levels. 

nifty both indices moved higher

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 17430 to move towards 17470/17520/17580/17650.

On the lower side, the Gann support level is 17340; below that Index can move towards 17300/17250/17190/17120.

bank nifty both indices moved higher

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 36900 to move towards 37050/37250/37500.

On the lower side, the Gann support level is 36600; below that Bank Nifty Index can move towards 36450/36250/36000.

Note: The above levels are for educational purposes only, not Buy/Sell advice.

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.