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Nifty Bank Nifty Trade Plan for Weekly Expiry

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Nifty and Bank Nifty both end the session on the flat note today.

To keep this bullish momentum Bank Nifty needs to hold the 35500-400 zone. On the higher side, 36050 and 36300 are the resistance levels.

Nifty made a new high of 16712, but Price action is not impressive and suggests a big move can soon happen. For further upside, bulls need to hold the 16525-500 zone. On the higher side, 16670 and 16745 are the crucial resistance levels.

Nifty Intraday Gann Levels

Nifty bulls need to break & sustain above 16680 to move towards 16710/16750/16800 levels.

On the lower side, the Gann support level is 16600; below that Index can move towards 16570/16530/163480.

Bank Nifty Intraday Gann Levels

Bank Nifty bulls need to break & sustain above 35830 to move towards 36990/36200/36500.

On the lower side, the Gann support level is 35500; below that Bank Nifty Index can move towards 35350/35150/34800 levels.

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.