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

Nifty Bank Nifty Analysis ahead of RBI Policy Meet

Published On:

Updated On:

Today both indices opened a gap down and closed 1% down.

The bears have the upper hand until the Nifty is below the 16510-550 zone. Then, on the downside, the 16337-300 zone is the support

Today, the Bank Nifty managed to hold the 34900 level on a closing basis. And now, to show strength, it has to break & sustain above the 35350 level, which will confirm that bulls are again getting stronger.

Nifty Intraday Gann levels

Nifty bulls need to break & sustain above 16470 to move towards 16520/16580/16650/16730.

On the lower side, the Gann support level is 16380; below that Index can move towards 16330/16270/16200/16120.

Bank Nifty Intraday Gann levels

Bank Nifty bulls need to break & sustain above 35150 to move towards 35300/35500/35750.

On the lower side, the Gann support level is 34800; below that Bank Nifty Index can move towards 34650/34450/34200.

Note: The above levels are for educational purposes only, 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.