Nifty Bank Nifty opened gap down. But later. Both bounced higher from Gann support levels, which we discussed in yesterday’s analysis.
The Nifty 15760 support level worked well today. Now support has moved at 15800-790 zone. On the higher side, 15890-920 is the resistance zone.
Bank Nifty support zone is the same 35350-300. Above 35400-600, Bank Nifty is strong and can touch 36000/36200/36500 levels.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 15890 to move towards 15920/15960/16010 levels.
On the lower side, the Gann support level is 15830; below that Index can move towards 15800/15760/15710.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 35800 to move towards 35950/36150/36400.
On the lower side, the Gann support level is 35550; below that Bank Nifty Index can move towards 35400/35200/34950. levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.